416Obligation of non-WorkCover employer

416 Obligation of non-WorkCover employer (1) If, immediately before the exit date, the non-WorkCover employer had a statutory contract of insurance under section 435 and the initial assessment is that the tail claims liabilities exceed the available assets, the non‑WorkCover employer must pay the amount of the difference to the Authority. (2) If, immediately before the exit date, the non-WorkCover employer was a self-insurer or an eligible subsidiary of a self-insurer, the non-WorkCover employer must pay the amount of the tail claims liabilities as assessed in the initial assessment to the Authority. (3) The non-WorkCover employer must pay the amount under subsection (1) or (2) within 28 days of receiving a notice of that initial assessment from the Authority or within any further period as may be agreed between the Authority and the non-WorkCover employer. (4) If the amount under subsection (1) or (2) is not paid to the Authority in accordance with subsection (3), the amount together with interest at the prescribed rate may be recovered by the Authority as a civil debt recoverable summarily.