A statutory compensation scheme is a scheme or arrangement:
(a) that is established by an * Australian law; and
(b) under which compensation is payable for particular kinds of injury, loss or damage; and
(c) that is specified in the regulations, or that is of a kind specified in the regulations;
but does not include a * compulsory third party scheme.
Note: Divisions 79 and 80 deal with compulsory third party schemes.