Commonwealth Numbered Acts

SEAFARERS REHABILITATION AND COMPENSATION ACT 1992 No. 234, 1992 - SECT 93

93.(1) Subject to subsection (2), an employer, other than the Fund, must on
each day:

   (a)  have a policy of insurance or indemnity from an authorised insurer; or

   (b)  be a member of a protection and indemnity association that:

        (i)    is approved in writing by the Authority; and

        (ii)   is a member of the International Group of Protection and
               Indemnity Associations; so that the employer is insured or
               indemnified for the full amount of the employer's liability
               under this Act to all employees employed by the employer.
               Penalty: 50 penalty units.

(2) A policy of insurance or indemnity, or the terms of membership of a
protection and indemnity association, may require that an employer be liable
in respect of an amount specified in the policy or terms of membership, as the
case may be.

(3) An employer applying to an authorised insurer for the issue or renewal of
a policy of insurance or indemnity against liability under this Act must give
the insurer a full and correct statement of all salaries or wages paid to
employees for the period relevant to working out the premium payable under the
policy.

(4) In this section:

"authorised insurer" means a general insurance company under the Insurance 
Act 1973 .