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This is a Bill, not an Act. For current law, see the Acts databases.
Western Australia
Insurance Commission of Western Australia
Amendment Bill 2002
CONTENTS
1. Short title 1
2. Commencement 2
3. The Act amended 2
4. Section 3 amended 2
5. Section 3A inserted 3
6. Section 6 amended 3
7. Section 7 amended 4
8. Section 16 amended 4
9. Section 18 amended 5
10. Transition and savings 5
page i
136--2
Western Australia
LEGISLATIVE ASSEMBLY
(As amended during consideration in detail)
Insurance Commission of Western Australia
Amendment Bill 2002
A Bill for
An Act to amend the Insurance Commission of Western Australia
Act 1986.
The Parliament of Western Australia enacts as follows:
1. Short title
This Act may be cited as the Insurance Commission of Western
Australia Amendment Act 2002.
page 1
Insurance Commission of Western Australia Amendment Bill 2002
s. 2
2. Commencement
This Act comes into operation on the day on which it receives
the Royal Assent.
3. The Act amended
5 The amendments in this Act are to the Insurance Commission of
Western Australia Act 1986*.
[* Reprinted as at 12 November 1999.]
4. Section 3 amended
Section 3 is amended by inserting the following definitions in
10 their appropriate alphabetical positions --
"
"community organisation" means --
(a) an association incorporated under the
Associations Incorporation Act 1987;
15 (b) a company limited by guarantee that is
registered under section 150 of the
Corporations Act 2001 of the
Commonwealth; or
(c) a company holding a licence that continues
20 in force under section 151 of the
Corporations Act 2001 of the
Commonwealth;
"eligible community organisation" has the meaning
given in section 3A;
25 ".
page 2
Insurance Commission of Western Australia Amendment Bill 2002
s. 5
5. Section 3A inserted
After section 3 the following section is inserted in Part 1 --
"
3A. Eligible community organisations
5 (1) A community organisation is an eligible community
organisation for the purposes of this Act if the
Treasurer has made a determination under
subsection (2) in respect of the organisation or a class
of organisations of which it is a member.
10 (2) The Treasurer may determine that an organisation, or
all organisations of a particular class, is or are eligible
to participate in an arrangement managed and
administered by the Commission for the insurance and
risk management of eligible community organisations.
15 ".
6. Section 6 amended
(1) After section 6(c) the following paragraph is inserted --
"
(ca) to manage and administer insurance and risk
20 management arrangements on behalf of eligible
community organisations;
".
(2) Section 6(e) is amended by deleting "paragraphs (a) and (b)"
and inserting instead --
25 "
paragraph (a) or (b) or manage and administer
arrangements under paragraph (c) or (ca)
".
page 3
Insurance Commission of Western Australia Amendment Bill 2002
s. 7
7. Section 7 amended
Section 7(4) is amended as follows:
(a) by inserting after "6(c)" --
" or (ca) ";
5 (b) in paragraph (a) by inserting after "authorities" --
" or eligible community organisations ";
(c) in paragraph (b) by inserting after "authorities" --
" or eligible community organisations ".
8. Section 16 amended
10 (1) After section 16(1) the following subsection is inserted --
"
(1a) The Commission may establish, maintain and
administer a fund for the purposes of an arrangement
managed and administered by the Commission for the
15 insurance and risk management of eligible community
organisations.
".
(2) After section 16(5) the following subsection is inserted --
"
20 (5a) A fund established under subsection (1a) shall consist
of --
(a) moneys appropriated for, or derived from or in
connection with, the Commission's functions
under section 6(ca), other than moneys that are
25 the subject of a trust of which the Commission
is a trustee under section 7(4)(c);
(b) other property received or acquired by the
Commission in connection with the
Commission's functions under section 6(ca);
30 and
page 4
Insurance Commission of Western Australia Amendment Bill 2002
s. 9
(c) moneys or other property credited, apportioned
or transferred to the fund by the Commission
under section 17 or 18.
".
5 9. Section 18 amended
Section 18(2) is amended by deleting "or the Insurance
Commission General Fund" and inserting instead --
"
, the Insurance Commission General Fund or a fund
10 established under section 16(1a)
".
10. Transition and savings
The functions conferred on the Insurance Commission of
Western Australia by section 6(ca) and (e) of the Insurance
15 Commission of Western Australia Act 1986 as amended by this
Act are taken always to have been functions of the Commission.
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