Australian Capital Territory Current Acts

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Accounts for DI fund

    (1)     The DI fund manager must keep a separate account in the DI fund for—

        (a)     claims made against employers without compulsory insurance policies; and

        (b)     a licensed insurer if—

              (i)     a claim is, or has been, made against a compulsory insurance policy issued by the insurer; and

              (ii)     the insurer cannot provide the indemnity required to be provided under the policy.

    (2)     The DI fund manager must keep accounts for—

        (a)     amounts paid into the DI fund under division 8.2.4 (Contributions to DI fund); and

        (b)     amounts withdrawn from the fund.

    (3)     Accounts kept of amounts withdrawn from the fund must show the reason why each amount is withdrawn.

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