WORKERS' COMPENSATION AND REHABILITATION ACT 2003 - SECT 85 Investing cash deposit

WORKERS' COMPENSATION AND REHABILITATION ACT 2003 - SECT 85

85 Investing cash deposit

(1) The Regulator may invest a cash deposit in an authorised investment decided by the Regulator.

(2) Interest on the deposit must be paid to the self-insurer at the end of each financial year.

(3) The Regulator may deduct from the interest the reasonable costs of administering the investment.

(4) In this section—


"authorised investment" means an investment authorised under the Statutory Bodies Financial Arrangements Act 1982 .