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POLICE OFFENCES AMENDMENT ACT 2007 (NO. 39 OF 2007) - SECT 16 Section 49 amended (Power of Commissioner of Police to grant permit)

POLICE OFFENCES AMENDMENT ACT 2007 (NO. 39 OF 2007) - SECT 16

Section 49 amended (Power of Commissioner of Police to grant permit)

Section 49 of the Principal Act is amended as follows:
(a) by omitting from subsection (1) "or reliability trial" ;
(b) by omitting from subsection (1)(a) "or trial" ;
(c) by omitting from subsection (2) "or trial" ;
(d) by omitting subsections (3A) , (4) and (5) and substituting the following subsections:
(4)  No permit granted under this section authorising the holding of a motor-vehicle race is of any effect unless there is in force in relation to that race a policy of insurance that complies with the requirements of this section.
(5)  Subject to subsection (6) , in order to comply with the requirements of this section a policy of insurance must be a policy that –
(a) the Motor Accidents Insurance Board confirms is issued by an insurer, or arranged by a broker, authorised by the Australian Prudential Regulation Authority to provide, or renew, insurance in Australia; and
(b) provides for insurance covering liability in respect of any person taking part in the motor-vehicle race jointly and each of them severally (including liability for costs) that may be incurred by any such person, whether jointly with any other person or severally –
(i) in respect of the death or bodily injury to any person caused by or arising out of the use of a motor-vehicle which is competing or taking part in that motor-vehicle race; and
(ii) where the race takes place on any public road or thoroughfare, insurance covering damage or injury to any property other than a motor-vehicle competing or taking part in a race arising from such use.
(e) by omitting from subsection (6)(a)(i) "$10 000" and substituting "the prescribed amount" ;
(f) by omitting from subsection (6)(a)(ii) "$100 000" and substituting "the prescribed amount" ;
(g) by omitting from subsection (6)(a)(iii) "$100 000" and substituting "the prescribed amount" ;
(h) by inserting the following subsection after subsection (8) :
(9)  The Motor Accidents Insurance Board is not liable for any action, liability, claim or demand in respect of any act or omission done in good faith under subsection (5) .