SAFETY, REHABILITATION AND COMPENSATION ACT 1988 - SECT 96A Available scheme funds

SAFETY, REHABILITATION AND COMPENSATION ACT 1988 - SECT 96A

  (1)   For the purposes of this Division, available scheme funds means the aggregate of:

  (a)   Comcare - retained funds; and

  (b)   so much of the Consolidated Revenue Fund as represents the amount that would be worked out using the formula in subsection   90C(3) if it were assumed that an amount was payable to Comcare under subsection   90C(2).

  (2)   If:

  (a)   the application of a provision of this Division requires the calculation of so much of available scheme funds as is attributable to:

  (i)   premiums paid by an Entity, a body corporate or the Australian Capital Territory; or

  (ii)   special premiums paid by an Entity, a body corporate or the Australian Capital Territory; or

  (iii)   interest earned on the premiums and special premiums referred to in subparagraphs   (i) and (ii); and

  (b)   Comcare does not have sufficient information to make the calculation;

then:

  (c)   Comcare may make such assumptions and estimates as Comcare considers reasonable; and

  (d)   the calculation may rely on those assumptions and estimates.