Australian Capital Territory Current Acts

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Meaning of compulsory insurance policy

    (1)     In this Act:

"compulsory insurance policy", for the employer, means an insurance policy—

        (a)     for an unlimited amount for any liability of the employer under this Act, or independently of this Act (other than liability for assessed treatment and care needs of participants in the LTCS scheme), for an injury to, or the death of, each territory worker employed by the employer; and

        (b)     that complies with this Act.

Note 1     If a form is approved under s 222 (Approved forms) for a compulsory insurance policy, the form must be used.

Note 2     LTCS scheme —see the LTCS Act

, dictionary.

"Participant", in the LTCS scheme—see the LTCS Act

, dictionary.

    (2)     Subject to section 147A (8) (Compulsory insurance—offences) and section 154 (Cover notes), a cover note may be a compulsory insurance policy.

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