WORKERS COMPENSATION ACT 1987 - SECT 216 Application and refund of deposit

WORKERS COMPENSATION ACT 1987 - SECT 216

216 Application and refund of deposit

(cf former ss 24, 25A)

(1) The Authority is to hold every amount of money deposited under this Division on trust for the payment and satisfaction of all claims, judgments or awards (not otherwise paid or satisfied)--

(a) against the person making the deposit in respect of the person's self-insurer liabilities, and

(b) against any person that is a subsidiary of the person making the deposit (being a subsidiary that is or was covered for the time being by the self-insurer licence of the person making the deposit) in respect of the subsidiary's self-insurer liabilities.

(2) An amount of money deposited with the Authority under this Division is not liable to be attached or levied on or made subject to any debts of or claims against the person making the deposit, except as provided by subsection (1).

(3) A person who has deposited an amount of money with the Authority under this Division is, if the person has ceased to be a self-insurer, entitled to a refund of the amount so deposited and standing to the person's credit with the Authority--

(a) on the expiration of 3 months after service on the Authority of a written request for the refund, and

(b) on satisfying the Authority that all accrued, continuing, future and contingent self-insurer liabilities of the person or the person's subsidiaries have been discharged or adequately provided for.

(4) In this section,
"self-insurer liabilities" of a person has the same meaning as in section 213.