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WORKERS REHABILITATION AND COMPENSATION ACT 1988 - SECT 127C Minister may give directions in relation to Nominal Insurer Fund and Special Account

WORKERS REHABILITATION AND COMPENSATION ACT 1988 - SECT 127C

Minister may give directions in relation to Nominal Insurer Fund and Special Account

(1)  The Nominal Insurer may, in writing, request the Minister for directions in relation to an amount that –
(a) is in the Nominal Insurer Fund established under section 127A or the Special Account established under section 127B ; and
(b) is, in the opinion of the Nominal Insurer, in excess of the amount required for the purposes for which the Nominal Insurer Fund, or the Special Account, as the case may be, is established.
(2)  The Minister may, in writing, after receiving under subsection (1) a request in relation to an amount, direct the Nominal Insurer as to how the Nominal Insurer is to deal with the amount.
(3)  A direction under subsection (2) in relation to an amount referred to in a request under subsection (1) may require the Nominal Insurer to –
(a) retain in the Nominal Insurer Fund, or the Special Account, as the case may be, the amount or a part of the amount; or
(b) pay the amount, or part of the amount, for –
(i) a purpose related to the provision of rehabilitation or compensation for injured workers; or
(ii) the promotion of workplace safety; or
(iii) purposes that are, in the opinion of the Minister, related to the objects of this Act.
(4)  The Nominal Insurer is to publish in its next annual report under section 131AA a copy of a direction given to the Nominal Insurer under subsection (2) .
(5)  The Minister must cause a copy of a direction given under subsection (2) to be laid before each House of Parliament within 10 sitting-days after making the direction.
(6)  The Nominal Insurer must comply with a direction given to it under subsection (2) .