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Employers' Indemnity Supplementation Fund Amendment Bill 2001

Bill No.

Long Title

The purpose of this Bill is to reactivate the surcharge provisions of the Employers Indemnity Supplementation Fund to cover outstanding claims resultant from HIH Insurance Ltd, an approved workers' compensation insurer, being placed into provisional liquidation. The Employers' Indemnity Supplementation Fund Act was established in 1980 to cover the cost to employers and injured employees when an insurer approved under the Workers' Compensation and Rehabilitation Act went into liquidation. The original levy was 1% which applied from 1980 until 1986 when it was discontinued.

Status

Assented to 06/07/2001
This Act came into operation on Royal Assent - Royal Assent given 7 Jun 2001 as Act No. 2 of 2001

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Date

Note No.