Australian Capital Territory Current Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

WORKERS COMPENSATION ACT 1951 - SECT 179G

Regulations about temporary fund

    (1)     A regulation may make provision in relation to the temporary fund, including—

        (a)     the imposition of levies on insurers for the fund; and

        (b)     payments from the fund.

    (2)     In particular, a regulation may make provision in relation to—

        (a)     levies for the fund, including their rate; and

        (b)     payments to the fund, including contributions by the Territory to the fund; and

        (c)     payments from the fund, including the information insurers claiming an entitlement to reimbursement from the fund must give to the fund's manager.

    (3)     However, a regulation must not impose a levy for a period that is—

        (a)     for a licensed insurer—more than 10% of the premiums received by the insurer in relation to compulsory insurance policies issued by the insurer that begin during the period; and

        (b)     for a licensed self-insurer—more than 10% of the estimated premium that would have been payable by the licensed self-insurer for a compulsory insurance policy obtained by the licensed self-insurer that began at the beginning of the period.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback