162Asbestos Compensation Fund

162 Asbestos Compensation Fund

(1)  The Commissioner is to establish and maintain a fund to be called the Asbestos Compensation Fund.

(2)  The Commissioner is to administer the Fund.

(3)  The following are to be paid into the Fund:

(a) all levies collected under this Act;

(b) [Section 162 Subsection (3) amended by No. 4 of 2017, Sched. 1, Applied:01 Jul 2019] any amounts that are allocated to the Fund from the Public Account;

(c) any gifts or donations to the Fund;

(d) all money recovered by the Commissioner;

(e) any interest and earnings on the balance of the Fund.

(4)  There may be paid out of the Fund –

(a) amounts that have been determined under this Act to be payable by the Commissioner as compensation under this Act; and

(b) amounts that have been determined under this Act to be payable by the Commissioner for expenses of the kind referred to in Part 11 ; and

(c) any amounts for the costs of an examination, or test, conducted by a medical practitioner, or an accredited impairment assessor, to whom a medical question is referred under this Act and any analysis required to be conducted as a result of the examination or test; and

(d) the costs and expenses incurred by the Commissioner in the administration of, or for the purposes of, this Act or the performance or exercise of the Commissioner's functions or powers; and

(da) [Section 162 Subsection (4) amended by No. 12 of 2024, s. 13, Applied:05 Sep 2024] the costs and expenses incurred in the provision of training and education of professionals performing functions under this Act, and the community generally, if the Commissioner is satisfied that the costs and expenses are reasonable in the circumstances; and

(e) the expenses incurred by or in relation to a medical panel; and