sec.88Payment of amount

sec.88 Payment of amount

This section applies if the finalised amount of the non-scheme employer’s liability under section 105B (3) of the Act is— agreed to by WorkCover and the non-scheme employer under section 86 ; or if there is no agreement—decided by the arbiter under section 102 (2) (b) (ii) . If the finalised amount is more than the final amount paid under section 79 (the interim payment ), the non-scheme employer must, within 20 business days after the agreement or decision mentioned in subsection (1) , pay WorkCover— the difference between the finalised amount and the interim payment; and interest on the difference, from the day the whole of the interim payment was paid, at the same risk free rate of return mentioned in section 83 (c) . If the finalised amount is less than the final amount paid under section 79 (the interim payment ), WorkCover must, within 20 business days after the agreement or decision mentioned in subsection (1) , pay the non-scheme employer— the difference between the interim payment and the finalised amount; and interest on the difference, from the day the whole of the interim payment was paid, at the same risk free rate of return mentioned in section 83 (c) . (sec.88-ssec.1) This section applies if the finalised amount of the non-scheme employer’s liability under section 105B (3) of the Act is— agreed to by WorkCover and the non-scheme employer under section 86 ; or if there is no agreement—decided by the arbiter under section 102 (2) (b) (ii) . (sec.88-ssec.2) If the finalised amount is more than the final amount paid under section 79 (the interim payment ), the non-scheme employer must, within 20 business days after the agreement or decision mentioned in subsection (1) , pay WorkCover— the difference between the finalised amount and the interim payment; and interest on the difference, from the day the whole of the interim payment was paid, at the same risk free rate of return mentioned in section 83 (c) . (sec.88-ssec.3) If the finalised amount is less than the final amount paid under section 79 (the interim payment ), WorkCover must, within 20 business days after the agreement or decision mentioned in subsection (1) , pay the non-scheme employer— the difference between the interim payment and the finalised amount; and interest on the difference, from the day the whole of the interim payment was paid, at the same risk free rate of return mentioned in section 83 (c) .

• (a) agreed to by WorkCover and the non-scheme employer under section 86 ; or
• (b) if there is no agreement—decided by the arbiter under section 102 (2) (b) (ii) .
• (a) the difference between the finalised amount and the interim payment; and
• (b) interest on the difference, from the day the whole of the interim payment was paid, at the same risk free rate of return mentioned in section 83 (c) .