Document ID: chunk:federal_register_of_legislation:C2025C00175:section:97a:p2
Version: federal_register_of_legislation:C2025C00175
Segment Type: section
Provision Reference: s 97A (pt 2/2)
Character Range: 271508–273962

employees of the Entity or authority in each previous financial year; and
 (b) the amount of compensation paid to, or in relation to, such employees under this Act.
prescribed amount, in relation to an Entity or Commonwealth authority and a financial year, means the amount worked out in accordance with subsection (3) in relation to that Entity or authority and that year.
 (3) Comcare must work out the prescribed amount, in relation to an Entity or Commonwealth authority and a particular financial year, using the formula:

where:
estimated liability component, in respect of an Entity or a Commonwealth authority and a financial year, means the estimated amount of Comcare's liability (if any) under this Act (including liability under actions for non‑economic loss), in that financial year and in subsequent financial years, in respect of the number of injuries that Comcare estimates will be suffered during that financial year:
 (a) in the case of an Entity or of an authority that does not hold a licence in force under Part VIII at the commencement of that financial year—by employees of the Entity or authority; and
 (b) in the case of an authority that holds such a licence at the commencement of that financial year—by employees of the authority in respect of whom the authority is not authorised to accept liability;
being an amount estimated using such methods and having regard to such matters (if any) as the guidelines under section 97E specify.
estimated management component, in respect of an Entity or a Commonwealth authority and a financial year, means the estimated cost (if any) to Comcare, in that financial year and in subsequent financial years, of all claims management (including the cost of taking over the conduct of actions for non‑economic loss) reasonably attributable to the Entity or authority, having regard to the number of injuries that Comcare estimates will be suffered during that financial year:
 (a) in the case of an Entity or of an authority that does not hold a licence under Part VIII at the commencement of that financial year—by employees of the Entity or authority; and
 (b) in the case of an authority that holds such a licence at the commencement of that financial year—by employees of the authority in respect of whom the authority is not authorised to manage claims;
being a cost estimated using such methods and having regard to such matters (if any) as the guidelines under section 97E specify.