16Determination of premiums

16 Determination of premiums

16 Determination of premiums

(1) The Authority shall, from time to time, determine premiums for each sporting organisation.

(2) The Authority shall, under subsection (1), determine premiums for a sporting organisation which to it seem equitable, taking into account—

(a) the nature of the organisation’s authorised activities or authorised activity in relation to which each of the premiums is being determined,

(b) the period with respect to which each of the premiums will be required to be paid,

(c) any adjustment which it considers should be made by reason of—

(i) the amounts of the previous premiums, if any, paid by the organisation, and

(ii) any amount that has been paid pursuant to, or that is, or in the opinion of the Authority will be, required to be paid by, an adjustment notice served on the organisation under section 18A (2), and

(d) such other criteria as the Authority considers appropriate.

(2A) Any determination with respect to premiums for payment to the Sporting Injuries Fund has no effect unless it is approved by the State Insurance Regulatory Authority.

(3) The Authority may determine a uniform amount to be paid in respect of every person it estimates will participate as a registered participant in the authorised activities of a sporting organisation during a particular period and determine the premium for the sporting organisation in respect of that period as the total of the amounts to be paid by all of those persons or calculate the premium in any other manner it considers appropriate.

(4) Notwithstanding subsections (2) and (3), the Authority shall, when discharging its duty under subsection (1), so determine premiums that those premiums and the income of the Fund are sufficient to meet the liabilities that are or may be required to be met from time to time by the Fund.

s 16: Am 1981 No 116, Sch 4 (3). Subst 1981 No 116, Sch 2 (3). Am 2015 No 19, Sch 9 [16].