NSWIn ForceRegulation
Insurance Premiums Order (July–December) 2005
Schedule 6Excess surcharge factor
Start here
Get a plain-English read of Schedule 6
Turn the raw legal text into a practical explanation grounded in Insurance Premiums Order (July–December) 2005.
Schedule 6 Excess surcharge factor
Schedule 6 Excess surcharge factor
The excess surcharge factor (“X”) for an employer is:
(a) where the employer is a category B employer and there has been no agreement between the employer and the insurer that the employer will repay the prescribed excess amount within the meaning of section 160 of the Act (or such smaller amount as may be agreed on) for claims that arise out of the period of insurance for which the premium is to be calculated—0.03, or
(b) in any other case—0.