WORKERS' COMPENSATION AND REHABILITATION ACT 2003 - SECT 453 WorkCover’s capital adequacy
WORKERS' COMPENSATION AND REHABILITATION ACT 2003 - SECT 453
WorkCover’s capital adequacy453 WorkCover’s capital adequacy
WorkCover is taken to be fully funded if WorkCover—
(a) is able to meet its liabilities for compensation and damages payable from its funds and accounts; and
(b) maintains capital adequacy as required under a regulation.