Western Australian Consolidated Regulations

FINANCIAL MANAGEMENT REGULATIONS 2007 - REG 8A

8A .         Monetary limits for write‑offs involving debts under Motor Vehicle (Third Party Insurance) Act 1943 (s. 48)

        (1)         This regulation applies if relevant amounts to be written off under section 48 of the Act are debts due to the Insurance Commission of Western Australia under the Motor Vehicle (Third Party Insurance) Act 1943 .

        (2)         For the purposes of section 48(2) of the Act, the monetary limit is $1.5 million.

        (3)         For the purposes of section 48(3) of the Act, the monetary limit is $3 million.

        [Regulation 8A inserted in Gazette 2 Jul 2010 p. 3197-8.]