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📜 Employers' Indemnity Supplementation Fund Amendment Bill 2001

Assented toLABill 62 May 2001

This bill amends the Employers’ Indemnity Supplementation Fund Act 1980 to allow for the re-commencement of a surcharge on employers' workers' compensation policies. This surcharge will help the Fund meet claims, particularly those arising from the collapse of HIH Insurance.

Impact

All WA employers, including self-insurers, will be affected by the potential re-introduction of a surcharge on workers' compensation premiums. This is intended to ensure the Employers’ Indemnity Supplementation Fund can meet its obligations to injured workers following the HIH Insurance collapse.

Key Changes

["Allows for the re-commencement of a surcharge on employers' workers' compensation policies.", "Enables the surcharge period and percentage to be prescribed by regulation, up to a maximum of 5%.", "Removes redundant references to the 'appointed date' in the original Act."]

Parliamentary Progress

  1. LA IntroducedLA2 May 2001
  2. LA Second Reading MovedLA2 May 2001
  3. LA Consideration in DetailLA22 May 2001
  4. LA AmendedLA22 May 2001
  5. LA Second Reading AgreedLA22 May 2001
  6. LA Third ReadingLA22 May 2001
  7. LC Second Reading MovedLC24 May 2001
  8. LC Third ReadingLC31 May 2001
  9. LC Second Reading AgreedLC31 May 2001
Affected Sectors
financepublic_sectorother
View on Parliament website →Bill PDF

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