sec.18Annual levy— Act , s 81

sec.18 Annual levy— Act , s 81

For section 81 (2) of the Act , this section prescribes the way to calculate a self-insurer’s levy for each financial year or part of a financial year of a licence. The Regulator must specify a date (the specified date ) for a financial year and publish the date in the gazette. The self-insurer’s levy for each financial year or part of a financial year of a licence must be calculated using the formula— where— estimated claims liability means the self-insurer’s estimated claims liability most recently agreed by the Regulator and the self-insurer under section 67 , or most recently decided by the arbiter under section 102 , before the specified date for the financial year. rate means the rate published by the Regulator under section 81(6) of the Act for the particular financial year. (sec.18-ssec.1) For section 81 (2) of the Act , this section prescribes the way to calculate a self-insurer’s levy for each financial year or part of a financial year of a licence. (sec.18-ssec.2) The Regulator must specify a date (the specified date ) for a financial year and publish the date in the gazette. (sec.18-ssec.3) The self-insurer’s levy for each financial year or part of a financial year of a licence must be calculated using the formula— where— estimated claims liability means the self-insurer’s estimated claims liability most recently agreed by the Regulator and the self-insurer under section 67 , or most recently decided by the arbiter under section 102 , before the specified date for the financial year. rate means the rate published by the Regulator under section 81(6) of the Act for the particular financial year.