53Transitional provisions relating to Division 4A of Part VII

53 Transitional provisions relating to Division 4A of Part VII

(1) On and after the sale day of a CFM body, Division 4A of Part VII of the Safety, Rehabilitation and Compensation Act 1988 applies to the CFM body as if: (a) the CFM body continues to be a Commonwealth authority; and (b) the CFM body is not required to pay a premium under that Division in respect of the part of a financial year that occurs after the sale day; and (c) the following word and paragraph were added at the end of subsection 96H(1): ; or (f) in the case of an authority—the authority is not required to pay a premium under this Division in respect of part of a financial year. (2) If, 60 days after the sale day of a CFM body, an amount of premium payable by the body to Comcare in respect of the period before the sale day remains unpaid, the amount is a debt due to the Commonwealth by the CFM body and payable to Comcare.