Western Australian Current Acts

WORKERS' COMPENSATION AND INJURY MANAGEMENT ACT 1981 - SECT 101B

101B .         Guarantees by Treasurer of borrowings

        (1)         The Treasurer is hereby authorised to guarantee —

            (a)         the repayment of any amount borrowed from time to time under section 101A; and

            (b)         the payment of interest and such other charges in respect of such borrowings as he has approved.

        (2)         Before a guarantee is given by the Treasurer under this section, WorkCover WA shall give to the Treasurer such security as the Treasurer may require and shall execute all such instruments as may be necessary for the purpose.

        (3)         The Treasurer shall cause any money required for fulfilling any guarantee given by him under this section to be charged to the Consolidated Account which, to the extent necessary, is hereby appropriated accordingly and the Treasurer shall cause any amounts received or recovered from WorkCover WA or otherwise in respect of moneys so charged by him to be credited to the Consolidated Account.

        [Section 101B inserted: No. 104 of 1984 s. 5; amended: No. 6 of 1993 s. 11; No. 49 of 1996 s. 64; No. 42 of 2004 s. 150; No. 77 of 2006 s. 4.]