South Australian Consolidated Acts

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MOTOR ACCIDENT COMMISSION ACT 1992 - SECT 13A

13A—Sufficient level of solvency

For the purposes of this Part, the Compulsory Third Party Fund has a "sufficient level of solvency" if the amount in the Fund equals or exceeds an amount calculated in accordance with the formula determined from time to time by the Treasurer for the purpose and published in the Gazette, being a formula designed to ensure that the Fund is able to meet all its reasonably estimated liabilities as they fall due.



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