WORKERS COMPENSATION REGULATION 2002 - REG 95 Cancellation or suspension of self-insurer licence by regulator—Act,

WORKERS COMPENSATION REGULATION 2002 - REG 95

    (1)     If the regulator decides to suspend or cancel a self-insurer's self-insurer licence the regulator must give written notice of the decision to the self-insurer, including when the suspension or cancellation takes effect.

Note     The regulator's notice must comply with the requirements of the “b Compensation Act 1951">Act

, s 199A.

    (2)     A suspension or cancellation must not take effect earlier than 7 days after the day the self-insurer is told about the decision.

    (3)     If the regulator suspends a self-insurer licence, the self-insurer is, during the suspension—

        (a)     taken not to be a licensed self-insurer; and

        (b)     disqualified from applying for another self-insurer licence.

    (4)     The regulator may, at any time, by written notice to the self-insurer, end or reduce the period of suspension of the self-insurer licence.