New South Wales Consolidated Acts

WORKERS COMPENSATION ACT 1987 - SECT 201

201 Accounts and returns

(1) An insurer shall keep such accounting and other records in relation to the business or financial position of the insurer--

(a) as may be prescribed by the regulations, or

(b) subject to the regulations, as may be directed by the Authority by notice served on the insurer.

(2) The regulations or directions of the Authority may prescribe the manner in which financial transactions are to be accounted for in any such records.

(3) An insurer shall lodge with the Authority returns in relation to the business or financial position of the insurer in such form, containing such particulars and accompanied by such documents--

(a) as may be prescribed by the regulations, or

(b) subject to the regulations, as may be directed by the Authority by notice served on the insurer.

(4) Returns shall be lodged--

(a) within 6 weeks after each 31 March, 30 June, 30 September and 31 December or at such other times as are prescribed by the regulations, and

(b) at such other times as the Authority, by notice served on the insurer, directs.

(5) The regulations or directions of the Authority may require returns, and documents accompanying returns, to be certified by an auditor.