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Premium fees for late payment of premium
Section 12 of the Workers' Compensation and Rehabilitation Regulation 2003 applies where an employer doesn’t pay:
- the amount of premium payable on the premium notice, or
- the amount by which a final assessment of premium by an industrial magistrate or the Industrial Court is more than the amount of the premium notice under section 551 of the Act.
An employer has met their obligation if they have entered into and are abiding by an instalment plan or payment plan agreement with WorkCover Queensland on or before the due date of the premium.
If payment of the amount is made within 30 days after the due date, WorkCover Queensland may charge an employer additional premium for late payment of premium under section 61 or 62 of the Act of 5% out the outstanding balance. Please note that outstanding late payment fees are considered outstanding premium.
