Victorian Current Acts

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WORKERS COMPENSATION ACT 1958 - SECT 113

Provisions in respect of moneys previously advanced from the Insurers Guarantee and Compensation Supplementation Fund

S. 113(1) amended by No. 50/1994 s. 121.

    (1)     If at any time the moneys set aside in the Fund pursuant to section 96 are insufficient to meet any payment required to be made under Part V or section 2B or 2C the Authority may transfer to those moneys from the moneys set aside in the Fund pursuant to section 111A such amount as is necessary to meet the payment.

S. 113(2) amended by No. 48/1986 s. 37.

    (2)     Subsection (1) shall cease to apply at the time when the amounts in total transferred are equal to the amounts in total which would, if this section had not been amended by the Accident Compensation Act 1985 , have been recouped, pursuant to this section as in force before the appointed day, from the previous Fund to the Insurers Guarantee and Compensation Supplementation Fund (established under Part V as in force before the appointed day).

S. 114 inserted by No. 9297 s. 10(1), substituted by No. 10191 s. 269(10).



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