138Employer to supply insurer with return relating to wages—standard policies

138 Employer to supply insurer with return relating to wages—standard policies

138 Employer to supply insurer with return relating to wages—standard policies

(1) An employer must, as soon as practicable (but not later than 2 months) after—

(a) making an application to an insurer for the issue of a policy, or

(b) the renewal of a policy,

supply the insurer concerned with a notice in the approved form, duly completed, which contains a reasonable estimate of the wages that will be payable by the employer during the relevant period of insurance to workers employed by the employer.

(2) Subclause (1)(b) does not apply to a small employer.

(3) An employer must, not later than 4 months after the end of the relevant period of insurance relating to a policy, supply the insurer who issued or renewed the policy with a notice in the approved form, duly completed, which contains a full and correct declaration by the employer of the wages that were actually paid by the employer during that period of insurance to workers employed by the employer.

(4) In this clause, small employer, in relation to a policy of insurance, has the same meaning as in the Workers Compensation Market Practice and Premiums Guidelines that apply to that policy.

(5) This clause does not apply in relation to a retro-paid loss premium policy.