These regulations are the Injury Prevention, Rehabilitation, and Compensation (Earners' Levy) Regulations 2007.

These regulations come into force on 1 April 2007.

In these regulations,—

(1) The amount of earners' levy payable for an applicable tax year is,—

• (a) for self-employed persons, except those described in paragraphs (b) and (c), $1.1556 per $100 of earnings derived, or treated as being derived, in the tax year that immediately precedes the applicable tax year:

• (b) for self-employed persons to whom regulation 6 applies, an amount calculated in accordance with regulation 6(2):

• (c) for self-employed persons to whom regulation 7 applies, an amount calculated in accordance with regulation 7(2):

• (d) for other earners, $1.1556 per $100 of earnings for pay-periods ending in the applicable tax year.

(2) Subclause (1) is subject to regulation 5.

(1) The maximum amount of earnings in a tax year on which a self-employed person must pay an earners' levy is $96,619.

(2) The maximum amount of earnings in a tax year on which any other earner must pay an earners' levy is $99,817.

(1) This regulation applies to a self-employed person who, in the tax year that immediately precedes the applicable tax year,—

• (a) works for an average of more than 30 hours per week, whether or not as an employee; and

• (b) earns less than—

  • (i) $19,760, for a person aged 18 years or over on the last day of the tax year; or

  • (ii) $15,808, for a person aged 17 years or under on the last day of the tax year.

(2) The person must pay an earners' levy calculated using the formula—

(3) In the formula,—

• (a) $19,760 or $15,808 is the amount in subclause (1)(b) that applies to the person:

• (b) earnings as an employee is the amount of the person's earnings as an employee in the tax year.

(1) This regulation applies to a self-employed person who enters into an agreement with the Corporation under section 209 of the Act to purchase weekly compensation.

(2) The person must pay an earners' levy calculated using the formula—

(3) The items in the formula are defined in subclauses (4) to (6).

(4) Earnings is—

• (a) the amount of earnings that the person derived, or is treated as having derived, in the tax year that immediately precedes the applicable tax year; or

• (b) if the Corporation cannot readily find out the actual amount of earnings, the amount that it estimates the person derived, starting at—

  • (i) $19,760, for a person aged 18 years or over on the last day of the applicable tax year; or

  • (ii) $15,808, for a person aged 17 years or under on the last day of the applicable tax year.

(5) Compensation is the agreed level of weekly compensation purchased by the person under section 209 of the Act adjusted to an annual equivalent figure.

(6) 0 or age-related discount is—

• (a) 0, if the amount of the compensation item is less than 80% of the amount of the earnings item; or

• (b) the discount specified in the Schedule for the age of the person, if the amount of the compensation item is 80% or more of the amount of the earnings item.

The amounts of earners' levies payable under regulation 4 are exclusive of goods and services tax.

For the purposes of section 244 of the Act, the relevant exempt amount for any invoice that is issued to a self-employed person for the purposes of the Act and that includes the earners' levy is set at $40.

(1) The Injury Prevention, Rehabilitation, and Compensation (Earners' Levy) Regulations 2006 (SR 2006/16) are revoked.

(2) Despite subclause (1), the Injury Prevention, Rehabilitation, and Compensation (Earners' Levy) Regulations 2006 continue to apply to the period starting on 1 April 2006 and ending on 31 March 2007 as if they had not been revoked.