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WORKERS COMPENSATION LEGISLATION (AMENDMENT)
ACT 1992 No. 36
NEW SOUTH WALES
EXPLANATORY NOTE
(This Explanatory Note relates to this Bill as introduced into Parliament)
The objects of this Bill are:
(a) to facilitate the amalgamation of an insurer's existing separate insurer-managed
statutory funds for separate financial years and to require their periodic
actuarial investigation at such times as the WorkCover Authority determines
instead of every 3 years; and
(b) to increase the lump sum and weekly workers compensation benefits in respect
of workers who have died from a work-related dust disease or who are
incapacitated by such a disease--the increases are in the range of 2025% and
are consistent with the increases for workers compensation benefits for other
workers effected by the Workers Compensation (Benefits) Amendment Act
1991; and
(c) to make other changes of an ancillary, consequential or minor nature.
Clause 1 specifies the short title of the proposed Act.
Clause 2 provides that the proposed Act commences on a day or days appointed by
proclamation.
Clause 3 is a formal provision that gives effect to the Schedule of amendments to
the Workers Compensation Act 1987.
Clause 4 is a formal provision that gives effect to the Schedule of amendments to
the Workers Compensation (Dust Diseases) Act 1942.
Schedule 1 contains the amendments to the Workers Compensation Act 1987 to give
effect to the objects specified in paragraphs (a) and (c) above.
Schedule 2 contains the amendments to the Workers' Compensation (Dust Diseases)
Act 1942 to give effect to the objects specified in paragraphs (b) and (c) above.