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Safeguard OSH Solutions - Thomson Reuters

Safeguard OSH Solutions - Thomson Reuters


[167B Regulations relating to premium setting

[167B
Regulations relating to premium setting
(1)
The Minister shall not recommend the making, under section 167(1)(g) of this Act, of regulations prescribing the rates of premiums unless the Minister has first received and considered a recommendation from the Corporation made in accordance with the provisions of this section.
(2)
The Corporation shall consult premium payers before recommending to the Minister that such regulations be made, and that obligation to consult is satisfied if—
(a)
The Corporation publicly notifies its intention to recommend to the Minister that such regulations be made by publishing in the Gazette, and in a daily newspaper circulating in each of the cities of Auckland, Hamilton, Wellington, Christchurch, and Dunedin, a notice—
(i)
Stating that the Corporation is proposing to recommend that such regulations be made; and
(ii)
Stating where copies of the proposed regulations may be obtained; and
(iii)
Explaining the Corporation's proposal to recommend the making of the proposed regulations, or stating where a copy of that explanation may be obtained; and
(iv)
Inviting members of the public to make written submissions on the proposed regulations; and
(v)
Stating the last date on which the Corporation will receive written submissions on the proposed regulations (which date shall be not less than 28 days after the date of the publication of the notice in the Gazette); and
(b)
The Corporation considers all submissions on the proposed regulations that are received by the Corporation not later than the date stated pursuant to paragraph (a)(v) of this subsection.
(3)
The Corporation shall, before recommending to the Minister the making, under section 167(1)(g) of this Act, of regulations prescribing the rates of premiums, have regard to the relevant reserves policy established under section 128 of this Act.
(4)
The Corporation shall, after recommending to the Minister the making, under section 167(1)(g) of this Act, of regulations prescribing the rates of premiums, publish in the Gazette, and in a daily newspaper circulating in each of the cities of Auckland, Hamilton, Wellington, Christchurch, and Dunedin, a notice—
(a)
Stating that such a recommendation has been made; and
(b)
Stating where copies of the recommendation, and any information that accompanied the recommendation, may be obtained.
(5)
Nothing in this section obliges the Minister to accept the Corporation's recommendation or prevents the Minister recommending that the regulations prescribe rates of premiums different from the rates recommended by the Corporation.
(6)
The consultation procedure contained in subsection (2) of this section constitutes a code that sets out all the obligations of the Corporation in relation to consultation over the process of recommending to the Minister that regulations be made.]

History Note - Statutes of New Zealand

This Act was repealed, as from 1 July 1999, by s 417(1) Accident Insurance Act 1998 (1998 No 114).
Section 167B was inserted, as from 2 September 1996, by s 23 Accident Rehabilitation and Compensation Insurance Amendment Act (No 2) 1996 (1996 No 106).

From Personal Injury in NZ

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