Western Australian Numbered Acts Western Australian Numbered Acts (1) This section
applies to the exercise by the liquidator of an insurer or self-insurer of the
liquidator’s powers under the Corporations Act 2001 (Commonwealth)
section 477 with respect to any claim, judgment, order or award arising
out of or in relation to a workers compensation policy issued by the insurer
or a self-insurer liability of the self-insurer.
(2) The liquidator is
not entitled to exercise the liquidator’s powers under
section 477(1) of that Act without the authority of WorkCover WA.
(3)
Section 477(1)(b) of that Act is not subject to the provisions of
section 556 of that Act.
(4)
Section 477(2A) and (2B) of that Act apply as if the references in those
provisions to the approval of the Court, of the committee of inspection or of
a resolution of the creditors were references to the approval of WorkCover WA.
(5)
Subsections (2) to (4) are declared to be Corporations legislation
displacement provisions for the purposes of the Corporations Act 2001
(Commonwealth) section 5G in relation to section 477 of that Act.