Western Australian Numbered Acts

WORKERS COMPENSATION AND INJURY MANAGEMENT ACT 2023 (NO. 21 OF 2023) - SECT 488

488 .         WorkCover WA General Account established

        (1)         An account called the WorkCover WA General Account is established as an agency special purpose account under the Financial Management Act 2006 section 16.

        (2)         The following must be credited to the General Account —

            (a)         all contributions received or recovered under this Division;

            (b)         money received by or for WorkCover WA, other than money required to be credited to the Trust Account or the DI Fund;

            (c)         money required to be transferred to the General Account under section 142(8) or  258(1);

            (d)         any income derived from the investment of money standing to the credit of the General Account;

            (e)         any other amount required under this or any other Act to be paid or credited to the General Account.

        (3)         The following must be charged to the General Account —

            (a)         money paid by WorkCover WA and any other money required for the administration of this Act and the carrying out of WorkCover WA’s functions, other than money required to be charged to the Trust Account or the DI Fund;

            (b)         money required to be transferred to the DI Fund under section 258(1);

            (c)         the costs and expenses incurred in the operation and administration of the District Court in dealing with appeals under Part 6 Division 8;

            (d)         any other money required under this or any other Act to be paid from or charged to the General Account;

            (e)         any other money paid by WorkCover WA, other than money required to be charged to the Trust Account or the DI Fund.

        (4)         In subsection (3)(a) the reference to money required for the administration of this Act includes —

            (a)         money required for the remuneration and allowances of members of the Board, members of committees and staff members; and

            (b)         the costs of and incidental to the administration of the General Account, the Trust Account and the DI Fund.

        (5)         The amount of the costs and expenses referred to in subsection (3)(c) must be —

            (a)         determined in the manner approved by the Treasurer after consultation with the CEO and the chief executive officer of the department principally assisting in the administration of the District Court of Western Australia Act 1969 ; and

            (b)         credited to the Consolidated Account.

        (6)         All amounts required under this or any other Act to be paid to or from the General Account are credited or charged to the General Account.