Payment dates

The option to pay your premium by instalments depends on your basic tariff premium.

If you have a basic tariff premium of more than $1,000 and less than or equal to $5,000, you have the option of paying your initial premium in quarterly instalments. 

If you have a basic tariff premium of more than $5,000, you have the option of paying your initial premium in monthly or quarterly instalments.

If your end of period adjustment is greater than $1,000 you have the option of paying this amount in three equal monthly instalments.


Your insurance agent will provide a schedule of instalments with your renewal/premium calculation notice.

If you miss an instalment or are having difficulty paying your premium you should immediately contact your insurance agent to discuss the payment options available. 

Insurance agents can charge employers a late payment fee which is compounded monthly on the outstanding balance at the end of each month.