Part 6Management of the Scheme
Purchase of weekly compensation by self-employed persons
209Procedure for reaching agreement
The Corporation must discuss with the self-employed person the options available to the self-employed person and determine a level of weekly compensation that fairly reflects the likely costs of incapacity for the self-employed person having regard to—
- an estimate of the person's income, net of business costs; and
- an estimate of the cost of any required replacement labour; and
- such other matters as may be relevant to the particular case.
The amount determined under subsection (1) must not be—
- less than 80% of the amount of weekly earnings specified in clause 42(3) of Schedule 1; or
- more than the maximum amount of weekly compensation specified in clause 46 of Schedule 1.
The weekly compensation to be provided by the Corporation under this section must be set out in a written agreement between the Corporation and the self-employed person that includes—
- the date on which the right to receive weekly compensation will start, which may be the date on which the agreement is made or any later date; and
- the period for which the agreement has effect; and
- the details of the weekly compensation to be provided under the agreement; and
- those provisions of Parts 2 and 4 of Schedule 1 that are to apply and those provisions that do not apply; and
- the levy payable and the time at which it becomes payable; and
- any other agreed terms.
The agreement has no effect in respect of any personal injury suffered before the date the agreement is entered into.
If the self-employed person fails to pay any levy by the time payment is due under the agreement, the agreement has no effect.
If the self-employed person ceases to be a self-employed person while the agreement has effect, the agreement ceases to have effect as from the time of that change in status.
Any person who is dissatisfied with a determination of the Corporation under subsection (1) may seek a review by the Corporation of that determination within 3 months after the person is notified of the determination, and Part 5 applies with any necessary modifications.