WORKERS COMPENSATION ACT 1987 - SECT 239AD
Minister may make declaration as to significant terrorism-related liabilities
WORKERS COMPENSATION ACT 1987 - SECT 239AD
Minister may make declaration as to significant terrorism-related liabilities
239AD Minister may make declaration as to significant terrorism-related
liabilities
(1) The Minister may, by order published in the Gazette, declare
that an act of terrorism specified in the declaration has given rise to
significant terrorism-related liabilities.
(2) The Minister may not make such
a declaration unless--
(a) an insurer has requested the Minister to do so, and
(b) the Minister is satisfied that--
(i) an act of terrorism occurred after
4pm on 30 June 2002 or at any time on any day after that date, and
(ii) the
act of terrorism has given rise to liabilities (whether liabilities of one or
more self-insurers, or liabilities under policies of insurance issued or
renewed by one or more insurers that are not self-insurers, or both) for
payment of amounts that, in total, exceed the threshold amount.
