(1) In this
Division —
insolvent insurer means a licensed insurer
that —
(a) is
an insolvent body corporate; or
(b) is
believed by WorkCover WA on reasonable grounds to be or to be likely to be
unable to discharge in full any liability arising under a workers compensation
policy issued by the insurer;
insolvent self-insurer means an employer who
is or was a self-insurer and who —
(a) is
an insolvent body corporate; or
(b) is,
according to the Interpretation Act 1984 section 13D, a bankrupt or
a person whose affairs are under insolvency laws; or
(c) has
left the State and whose whereabouts are unknown; or
(d) is
believed by WorkCover WA on reasonable grounds to be or to be likely to be
unable to discharge in full any self-insurer liability of the employer;
liquidator includes an official manager, receiver
or receiver and manager.
(2) For the purposes
of this Division —
(a) a
body corporate is insolvent if —
(i)
the body corporate is being or has been wound up; or
(ii)
a receiver or manager of the property of the body
corporate has been appointed, or the body corporate has been placed under
administration, under the provisions of the Corporations Act 2001
(Commonwealth) or any corresponding previous enactment;
and
(b) a
reference to a self-insurer includes an employer who was a self-insurer.