New South Wales Consolidated Acts

INSURANCE PROTECTION TAX ACT 2001 - SECT 16E

16E Application of Policyholders Protection Fund-claims under third-party motor accident policies of insolvent insurers

(1) The Policyholders Protection Fund must be applied to meet expenditure from the Nominal Defendant’s Fund in connection with third-party policies issued by declared insolvent insurers.

(2) All payments made from the Policyholders Protection Fund under this section are to be made in the amounts, on the conditions and at the times determined by the Treasurer.