New South Wales Consolidated Regulations

WORKERS COMPENSATION REGULATION 2003 - REG 53AE

53AE Self-insurer’s licence

(1) A reference in section 55 of the 1998 Act to "insurer’s licence" is, in the application of that section to a group self-insurer (whether or not a group self-insurer for whom there is a designated insurer), to be read as a reference to the licence as a self-insurer on which the group self-insurer is endorsed.

(2) It is a condition of a licence as a self-insurer that the holder of the licence must ensure that any subsidiary of the holder endorsed on the licence complies with the subsidiary’s obligations under Chapter 3 of the 1998 Act.