388Payment of contribution

388 Payment of contribution

(1) A self-insurer must pay contributions into the WorkCover Authority Fund in accordance with this section.

(2) The Authority may, in accordance with the regulations, determine the amount of contributions payable by a self-insurer having regard to the relevant remuneration paid or payable during the financial year and preceding financial year in respect of that year and preceding year or any quarter of that year or preceding year by the self‑insurer.

(3) Subject to subsection (4), a contribution by a self‑insurer as determined by the Authority under subsection (2) is due on each of the following dates in each year—

(a) 1 August;

(b) 1 November;

(c) 1 February;

(d) 1 May.

(4) The Authority may vary the date on which a contribution by a self-insurer is due.

(5) If a contribution is not paid within 14 days of the due date, the amount of the contribution, together with interest at the prescribed rate and the surcharge specified in a Ministerial Order in force under section 380(3), may be recovered as a debt due to the Authority.

(6) Contributions made by a self-insurer to the WorkCover Authority Fund must be applied towards the costs referred to in section 513(5)(c), (d), (f), (g) and (l) or towards the costs incurred by the Authority in the administration of Division 2 of Part 6 or in meeting any liability incurred under section 403.