Australian Capital Territory Current Acts

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Effect of cancellation or suspension of self-insurer licence

    (1)     The regulator may assign any rights, obligations and liabilities acquired, accrued or incurred by a former self-insurer, in relation to an injured worker, to the DI fund.

    (2)     The DI fund is taken to be the licensed insurer for the former self-insurer in relation to a claim by an injured worker.

    (3)     Unless otherwise directed by the regulator, if an assignment is made, the former self-insurer must not fail to provide the DI fund with copies of all documents relating to a claim by an injured worker.

Maximum penalty: 50 penalty units.

    (4)     In this section:

"former self-insurer" means a licensed self-insurer whose self-insurer licence, is cancelled or suspended, or ends.

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