New South Wales Consolidated Acts New South Wales Consolidated ActsOut of the fund, the Government Insurance Office:
(a) shall, as manager of the fund, pay any amount that the liquidator of the Company wishes to borrow, pursuant to section 9, for the purpose of satisfying any claim, judgment or award arising from or pertaining to any policy of insurance issued by the Company, and
(b) is entitled:(i) to be paid, as manager of the fund, the costs of administration of the fund, and(ii) to be indemnified against all payments made by it and all costs and expenses that it may incur, as manager of the fund, in or in connection with the exercise or performance or the purported exercise or performance of its powers, authorities, duties and functions under this Act.