sec.14Cancellation of policy if workers no longer employed

sec.14 Cancellation of policy if workers no longer employed

This section applies if— a person (the former employer ) has given WorkCover a written notice under section 13 (2) ; or WorkCover is satisfied, after making reasonable enquiries, that a person (also the former employer ) has stopped employing workers. WorkCover may cancel the former employer’s policy. WorkCover must assess the amount of premium payable by the former employer for the period during which the Act required the former employer to hold a policy. If the premium paid by the former employer for the last employment period was more than the amount of premium assessed under subsection (3) , WorkCover must refund the amount overpaid to the former employer. If the premium paid by the former employer for the last employment period was less than the amount of premium assessed under subsection (3) , the former employer must pay WorkCover the amount of the deficit on or before the due date under a premium notice issued for the amount of the deficit. See also chapter 2 , part 3 , division 3 of the Act for circumstances in which additional premiums may be payable by employers or former employers. In this section— last employment period means— for a former employer mentioned in subsection (1) (a) —the period mentioned in section 13 (2) (c) ; or for a former employer mentioned in subsection (1) (b) —the period that— starts on 1 July last preceding the day WorkCover is satisfied the former employer stopped employing workers (the end day ); and ends on the end day. (sec.14-ssec.1) This section applies if— a person (the former employer ) has given WorkCover a written notice under section 13 (2) ; or WorkCover is satisfied, after making reasonable enquiries, that a person (also the former employer ) has stopped employing workers. (sec.14-ssec.2) WorkCover may cancel the former employer’s policy. (sec.14-ssec.3) WorkCover must assess the amount of premium payable by the former employer for the period during which the Act required the former employer to hold a policy. (sec.14-ssec.4) If the premium paid by the former employer for the last employment period was more than the amount of premium assessed under subsection (3) , WorkCover must refund the amount overpaid to the former employer. (sec.14-ssec.5) If the premium paid by the former employer for the last employment period was less than the amount of premium assessed under subsection (3) , the former employer must pay WorkCover the amount of the deficit on or before the due date under a premium notice issued for the amount of the deficit. See also chapter 2 , part 3 , division 3 of the Act for circumstances in which additional premiums may be payable by employers or former employers. (sec.14-ssec.6) In this section— last employment period means— for a former employer mentioned in subsection (1) (a) —the period mentioned in section 13 (2) (c) ; or for a former employer mentioned in subsection (1) (b) —the period that— starts on 1 July last preceding the day WorkCover is satisfied the former employer stopped employing workers (the end day ); and ends on the end day.