Victorian Numbered Acts Victorian Numbered ActsSee:
Act
No.
10191.
Reprint
No. 14
as
at
26 July
2006
and
amending
Act
Nos
107/1997, 95/2003, 97/2005, 24/2006, 69/2006 and
80/2006.
LawToday:
www.
legislation.
vic.gov.au
(1) For section 151(1) of the Accident Compensation Act 1985 substitute —
"(1) If a body corporate ceases to be a self-insurer on or after the commencement of section 3 of the Accident Compensation Amendment Act 2007 , the Authority assumes the liability in respect of the assessed liability within the meaning of section 146, being the liability that the body corporate would have had if the body corporate had continued to be a self-insurer in respect of injuries or deaths incurred or suffered by workers employed by the body corporate or its subsidiaries and which entitled a worker or a worker's dependants to compensation (whether under this Act, at common law or otherwise) and whether or not a claim for compensation has been made.".
(2) For section 151(2) of the Accident Compensation Act 1985 substitute —
"(2) If a body corporate has made an election to retain liability under subsection (1) as in force before the commencement of section 3 of the Accident Compensation Amendment Act 2007 , the Authority may by notice published in the Government Gazette declare that the body corporate has ceased to be liable for the assessed liability to pay compensation under this Act and, upon the publication of the notice, the Authority assumes the liability referred to in subsection (1).".