147Certificates relating to cost of claims

147 Certificates relating to cost of claims

147 Certificates relating to cost of claims

(1) For the purpose of ascertaining the premium payable by an employer in respect of a period of insurance—

(a) an employer to whom a policy has been issued by an insurer, or

(b) another insurer,

may, by notice in writing served on the insurer who issued the policy not later than 1 month after the commencement of the period of insurance, require the insurer who issued the policy to furnish the employer or other insurer, within 21 days of service of the notice, with a certificate in the approved form, specifying (with respect to the whole or any part of the last 3 injury years which occurred or will have occurred before the commencement of the period of insurance) the particulars relating to costs of claims required by the form to be inserted in it.

(2) An insurer who, without reasonable excuse—

(a) fails to comply with a requirement made in accordance with subclause (1), or

(b) in purported compliance with any such requirement, furnishes a certificate knowing that the certificate contains particulars that are false or misleading in a material particular or knowing that the certificate is incomplete in a material particular,

is guilty of an offence.

Maximum penalty—20 penalty units.