In section 5(1) of the Accident Compensation Act 1985 , for the definition of "self-insurer" substitute —
"" self-insurer" means—
(a) a body corporate approved as a self-insurer under Part V; or
(b) a body corporate that has ceased to be a self-insurer—
(i) which has elected or entered into an arrangement with the Authority to retain liability for its tail claims; and
(ii) has not ceased to be liable for those claims;".