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Consultation on Net Rate Transitioning for Classification Changes
WorkSafeBC must occasionally change a firm’s classification unit. Sometimes, a firm that is reclassified will suffer financial hardship because its new net assessment rate is much higher than the rate it paid under its previous classification unit.
Under the proposed Net Rate Transitioning Program, instead of a qualifying firm paying its new net assessment rate – or “target rate” – right away, the firm would transition to its target rate over a period of up to three years.
The Policy and Regulation Division has prepared a discussion paper and draft Assessment Manual policy on the proposed Net Rate Transitioning Program for stakeholder review and comment.
Stakeholders are invited to review the discussion paper and proposed policy, and to provide feedback by September 7, 2012.
Discussion paper (PDF 172kb)
There are a number of ways for stakeholders to provide feedback on the options and draft policy amendments:
(a) Comment links:
Through the Comment link below, you will be able to provide immediate feedback by completing an online submission form.
Please note: Once you click the “submit” button at the bottom of the form you cannot access it again to make additional comments. Therefore, if you wish to make detailed comments in the feedback section, you may want to draft your comments using a word processing format and then cut and paste them into the submission form.
Alternatively, submissions can be submitted as follows:
(b) |
Email: |
|
(c) |
Mail: |
Anthony Moffatt |
(d) |
Fax: |
604 279-7599; or toll-free in B.C. 1 877 279-7599 |
The consultation period will end on September 7, 2012. The Board of Directors will consider stakeholder feedback before it adopts the proposed policy.
Please note that all comments become part of the Policy and Regulation Division's database and may be published, including the identity of organizations and those participating on behalf of organizations. The identity of those who have participated on their own behalf will be kept confidential according to the provisions of the Freedom of Information and Protection of Privacy Act.