sec.55Insurance contracts

sec.55 Insurance contracts

A department’s accountable officer may enter into a contract of insurance with an insurer only if the accountable officer obtains the under-Treasurer’s approval for entering into the contract. However, the accountable officer may enter into a contract of insurance without the under-Treasurer’s approval if— in entering into the contract, the accountable officer is exercising a power or performing a duty as a trustee; or the contract is for— a CTP insurance policy under the Motor Accident Insurance Act 1994 ; or accident insurance under the Workers’ Compensation and Rehabilitation Act 2003 ; or insurance against liability arising out of the department’s property in a motor vehicle or the use of a motor vehicle by an officer of the department; or insurance against liability arising out of travel undertaken by an officer of the department; or insurance from the Queensland Government Insurance Fund. (sec.55-ssec.1) A department’s accountable officer may enter into a contract of insurance with an insurer only if the accountable officer obtains the under-Treasurer’s approval for entering into the contract. (sec.55-ssec.2) However, the accountable officer may enter into a contract of insurance without the under-Treasurer’s approval if— in entering into the contract, the accountable officer is exercising a power or performing a duty as a trustee; or the contract is for— a CTP insurance policy under the Motor Accident Insurance Act 1994 ; or accident insurance under the Workers’ Compensation and Rehabilitation Act 2003 ; or insurance against liability arising out of the department’s property in a motor vehicle or the use of a motor vehicle by an officer of the department; or insurance against liability arising out of travel undertaken by an officer of the department; or insurance from the Queensland Government Insurance Fund.

• (a) in entering into the contract, the accountable officer is exercising a power or performing a duty as a trustee; or
• (b) the contract is for— (i) a CTP insurance policy under the Motor Accident Insurance Act 1994 ; or (ii) accident insurance under the Workers’ Compensation and Rehabilitation Act 2003 ; or (iii) insurance against liability arising out of the department’s property in a motor vehicle or the use of a motor vehicle by an officer of the department; or (iv) insurance against liability arising out of travel undertaken by an officer of the department; or (v) insurance from the Queensland Government Insurance Fund.
• (i) a CTP insurance policy under the Motor Accident Insurance Act 1994 ; or
• (ii) accident insurance under the Workers’ Compensation and Rehabilitation Act 2003 ; or
• (iii) insurance against liability arising out of the department’s property in a motor vehicle or the use of a motor vehicle by an officer of the department; or