Commonwealth Numbered Acts

SEAFARERS REHABILITATION AND COMPENSATION ACT 1992 No. 234, 1992 - SECT 97

97.(1) The Fund must on each day have a policy of insurance or indemnity from
an authorised insurer for any amount of the Fund's liability under this Act
that exceeds the prescribed amount for a single event which results in an
injury to one or more employees.

(2) Before advising the Governor-General about the making of a regulation
prescribing an amount for this section, the Minister must consult the Fund and
such organisations which represent employers or employees as the Minister
thinks appropriate.

(3) A failure to consult as required by subsection (2) does not affect the
validity of a regulation prescribing an amount for the purposes of this
section.

(4) In this section:

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