66Result of under-reporting of wages by employer

66 Result of under-reporting of wages by employer (1) The compulsory insurance policy must provide that the employer must pay the insurer the amount mentioned in subsection (2) if— (a) the employer, to obtain insurance from the insurer, has told the insurer the employer is paying a stated amount of wages; and (b) the amount of wages the employer is paying is at least 10% more than the amount the employer told the insurer. (2) The amount payable to the insurer is the amount equal to double the difference between the premium the employer paid and the premium the employer would have paid if the employer had told the insurer the true amount of wages the employer was paying. Section 67 page 26 Workers Compensation Regulation 2002