Western Australian Consolidated Acts

EMPLOYERS' INDEMNITY SUPPLEMENTATION FUND ACT 1980 - SECT 6A

6A .         Treasurer may direct payment of moneys to or from General Account

        (1)         If the Treasurer is satisfied that the amount of moneys standing to the credit of the Fund exceeds the amount of moneys that is reasonably required for the purposes of this Act, the Treasurer may direct WorkCover WA to transfer the whole or any part of that excess to the General Account for use in accordance with the provisions of the Workers’ Compensation and Injury Management Act 1981 .

        (2)         Where moneys have been transferred to the General Account under subsection (1), the Treasurer may, before making an advance under section 7(1)(a), direct that an amount, not exceeding the amount of moneys so transferred, be transferred from the General Account to the Fund to make up or partially make up the insufficiency referred to in section 7(1).

        (3)         In this section —

        General Account means the Workers’ Compensation and Injury Management General Account established under section 106 of the Workers’ Compensation and Injury Management Act 1981 .

        [Section 6A inserted by No. 1 of 1993 s. 6; amended by No. 49 of 1996 s. 64; No. 42 of 2004 s. 159(4) and (13), and 174; No. 77 of 2006 s. 17; No. 46 of 2009 s. 17.]