Australian Capital Territory Consolidated Regulations

WORKERS COMPENSATION REGULATION 2002 - REG 69

The Minister may approve an insurer only if satisfied—

        (a)     the insurer is financially and prudentially sound; and

        (b)     the insurer, if approved, will—

              (i)     be able to meet the insurer's current and expected liabilities under the Act; and

              (ii)     be able to meet the insurer's obligations under the Act in relation to injury management programs and personal injury plans; and

              (iii)     comply with the conditions on the approval.