(a) a body corporate ceases to be a Commonwealth authority at a particular time (the cessation time ); and
(b) the body corporate continues in existence; and
(c) the amount that represents so much of available scheme funds as is attributable to:
(i) premiums paid by the body corporate before the cessation time; and
(ii) special premiums paid by the body corporate before the cessation time; and
(iii) interest earned on the premiums and special premiums referred to in subparagraphs (i) and (ii);
exceeds Comcare's liability (if any) under this Act (including liability under actions for non - economic loss), in respect of injuries suffered before the cessation time:
(iv) if the body corporate did not hold a licence in force under Part VIII--by employees of the body corporate; and
(v) if the body corporate held such a licence--by employees of the body corporate in respect of whom the body corporate was not authorised to accept liability;
Comcare may make a determination that an amount equal to the excess is payable to the body corporate by way of a refund of premiums paid to Comcare by the body corporate.
(2) The amount is to be paid by Comcare within 28 days after the determination is made.
(2A) A determination under subsection (1) may only be made during the 7 - year period beginning at the cessation time.
(3) For the purposes of paragraph (1)(c):
(a) liability includes prospective liability; and
(b) assume that Comcare's liability is not contingent on:
(i) the making of a claim for compensation; or
(ii) the giving of a notice under section 53.