448Premiums order

448 Premiums order (1) The Governor in Council may, on the recommendation of the Authority, by Order in Council published in the Government Gazette, make a premiums order for a premium period specifying— (a) the methods to be used in calculating premiums payable by employers; and (b) any matter or thing required or permitted by this Act to be specified in a premiums order. (2) A premiums order takes effect on and from the date on which it is published or, if a later date is specified in the order, that later date. (3) A premiums order may— (a) apply generally or be limited in its application by reference to specified exceptions or factors; and (b) apply differently according to different factors of a specified kind; and (c) specify different methods of calculation whether by reference to formulas, scales, tables or other means; and (d) apply, adopt or incorporate (with or without modification) the provisions of any document, code, standard, rule, specification or method as formulated, issued, prescribed or published at or before the date on which the order is made; and (e) authorise a specified person to determine or apply a specified matter or thing. (4) The premium payable by an employer to which section 430(1) applies in respect of a premium period must be calculated in accordance with the premiums order for that premium period.