South Australian Repealed Acts

This legislation has been repealed.

COUNTRY FIRES ACT 1989 - SECT 19

19—Apportionment of insurers' contribution

        (1)         An insurer is liable to pay to the C.F.S. a share of the total contribution to be made by insurers for each financial year determined in accordance with the following formula:

where—

"A" = is the contribution to be made by the insurer

"B" = is the total contribution to be made by all insurers

"C" = is the premium income received by the insurer during the year ending on the thirty-first day of March in the previous financial year in respect of the insurance of property in the country

"D" = is the total premium income received by all insurers during the year ending on the thirty-first day of March in the previous financial year in respect of the insurance of property in the country.

        (2)         The Board will determine the amount to be contributed by each insurer, and the Board's determination will be final and binding on the insurer.

        (3)         If an insurer fails to pay a contribution determined under subsection (2) within one month after the date on which the Board serves a notice personally or by post requiring the insurer to pay that contribution, the Board may proceed to recover that contribution, as a debt due to the C.F.S., in any court of competent jurisdiction.

        (4)         This section applies to any insurer who receives premium income in respect of the insurance of property in the country irrespective of whether or not the insurer carries on business in this State.