19 APRIL

NEW ZEALAND GAZETTE

897

7.3 The Accredited Employer must agree to meet, during the Claim Management Period, the costs of providing statutory entitlements, to the extent set out in paragraphs 13 and 14.5, in relation to work-related personal injuries suffered during a Cover Period by employees of that Employer.

7.4 If, at the expiration of the Claim Management Period provided in the Contract for Full Self Cover, an employee of the Accredited Employer, who has suffered a work-related personal injury during the Cover Period, still has or may have ongoing statutory entitlements in respect of that injury, then the management of that claim and responsibility for payment of all statutory entitlements arising after that date must pass to the Manager but the Accredited Employer is to be liable for the claim and case management expenses of such claims with the amount of that liability being determined under paragraph 10.

7.5 An Accredited Employer under the Full Self Cover Plan must have its liability above the Limit capped for each respective Cover Period in the manner set out in paragraph 16.

7.6 The initial Contract for Full Self Cover must be for a minimum 3 Cover Periods the first of which may be a part year with next two Cover Periods each being for a year. However, on expiry of that initial term, such Contract for Full Self Cover may be extended from time to time but no one extension may be for longer than 3 Cover Periods.

7.7 Nothing in this paragraph is to limit:

(a) The right of the Manager to cancel the Accreditation Agreement if the Accredited Employer no longer complies with this Framework or no longer fulfils the requirements under the Act (as set out in paragraph 11.2); or

(b) The right of either party to cancel the Accreditation Agreement for breach by the other party.

7.8 In exchange for the Contract for Full Self Cover the Accredited Employer is entitled to a lower premium calculated under paragraph 9.

7.9 The provisions of this Part 2 are to be read with the general provisions of Part 3 which are common to both the Full Self Cover Plan and the Partnership Discount Plan.

8. Eligibility of the Employer

8.1 To be eligible to enter into the Full Self Cover Plan the employer must:

(a) Satisfy the general eligibility requirements in paragraph 11; and

(b) Make application to the Manager in the form specified by the Manager; and

(c) Execute a Contract for Full Self Cover in the form stipulated by the Manager (being a form consistent with the Act and this Framework).

8.2 The decision to offer a Contract for Full Self Cover to an employer is to be made by the Chief Executive of the Manager or his or her immediate delegate.

9. Premium

9.1 In return for the Accredited Employer undertaking to meet, during the Cover Period and any ensuing Claim Management Period, the obligations in paragraph 13 and the other obligations in the Contract for Full Self Cover and this Framework, the Accredited Employer is to be charged a reduced premium in relation to work-related personal injuries as set out in this paragraph.

9.2 The premium to be paid by the Accredited Employer under the full Self Cover Option is to be calculated in accordance with the following formula:

P_FSC = LE x SPR x 100-SMP x BHC
100 100

• LE x SPR x PHC + A_AEP + F_FSC
  100

Where:

P_FSC = Premium for the Full Self Cover Plan (expressed in dollars)

LE = Liable employee earnings for the relevant Accredited Employer (expressed in dollars)