10Determination of wages—small employers

10 Determination of wages—small employers

10 Determination of wages—small employers

(1) This clause applies in relation to small employers.

(2) In this Order, a reference to wages, in relation to a period of insurance under a policy issued or to be issued to an employer or in relation to a period of 12 months ascertained by reference to any such period of insurance, is a reference to:

(a) if there is no immediately preceding period of insurance—the reasonable estimate of the monetary value of the wages (not including any wages to which Schedule 7 applies) supplied to the insurer under clause 147 (1) of the Workers Compensation Regulation 2010 for the relevant period of insurance, or

(b) if the small employer has, in accordance with clause 147 (3) of the Workers Compensation Regulation 2010, supplied to the insurer the actual wages paid by the employer during the employer’s second last period of insurance to workers employed by the employer—the actual monetary value of all wages (not including any wages to which Schedule 7 applies) paid to workers by the employer in respect of the second last period of insurance multiplied by 1.026, or

(c) otherwise—the monetary value of the wages (not including any wages to which Schedule 7 applies) used to calculate the employer’s premium in respect of the immediately preceding period of insurance, multiplied by 1.3.

(3) For the purposes of subclause (2) (b) and (c), if the second last period of insurance or the immediately preceding period of insurance is less than 12 months, the monetary value of the wages concerned is to be adjusted to reflect the wages that would be paid on a 12 monthly basis.

(4) For the avoidance of doubt:

(a) in this Order, a reference to wages payable to workers includes wages payable to apprentices, and

(b) in subclauses (2) and (3), the monetary value of wages for an employer for a period of insurance includes the monetary value of wages for that period of insurance paid to apprentices.