Document ID: chunk:federal_register_of_legislation:C2011A00142:clause:1_37
Version: federal_register_of_legislation:C2011A00142
Segment Type: clause
Provision Reference: sch 1 cl 37
Character Range: 52259–52716

37  Subsections 43(1) to (4)
Repeal the subsections, substitute:
 (1) The Board must seek advice from an actuary as to:
 (a) whether the rate of payroll levy imposed (at the time the advice is given) would be adequate to ensure that the Fund will be sufficient to reimburse employers in accordance with the Employer Reimbursement Rules; and
 (b) if not, the rate that would be so adequate.
 (2) The Board must seek such advice at least once every 3 years.