New South Wales Consolidated Acts

WORKERS' COMPENSATION (BRUCELLOSIS) ACT 1979 - SECT 40

40 Winding up of the Fund

(1) Any money remaining in the Fund as at the date of the repeal effected by section 41, not being money required to pay any claims arising under this Act before that date, shall be refunded to the employers who have contributed to the Fund, or to such of those employers as the Insurance Premiums Committee determines, according to a formula determined by the Insurance Premiums Committee and approved by the Minister.

(2) Subsection (1) does not apply, and shall be deemed never to have applied, in respect of the repeal effected by section 41 as in force before the commencement of the Workers’ Compensation (Brucellosis) Revival and Amendment Act 1986 .