3RIssue of policies of insurance

##### 3R. Issue of policies of insurance [(1) deleted] (2) No person other than the Director General, on behalf of the Commission, shall issue any policy of insurance under or for the purposes of this Act, and subject to this Act it shall be the duty of the Commission to cause policies of insurance to be issued under and for the purposes of this Act. (3) Subject to the provisions of section 4, the Director General shall issue policies of insurance under this Act on behalf of and as agent for the Commission. (4A) The Director General shall at such times as are directed by the Commission remit to the Commission the total amount of all insurance premiums received by it under this Act together with such documents and information relating thereto as may be prescribed. (4B) The Director General shall pay to the Treasurer at such times as are directed by the Treasurer all amounts of duty payable under the *Duties Act 2008* upon the issue of the policies. (4C) The Treasurer shall pay all amounts received by him under subsection (4B) into the Consolidated Account. (5) Subject to the approval of the Minister, the Commission shall determine the terms, warranties, and conditions to be contained in policies of insurance under this Act. [Section 3R inserted: No. 31 of 1948 s. 4; amended: No. 40 of 1951 s. 7; No. 57 of 1962 s. 3; No. 45 of 1973 s. 3; No. 58 of 1974 s. 29; No. 106 of 1981 s. 10; No. 81 of 1982 s. 13; No. 51 of 1986 s. 46(2); No. 8 of 1988 s. 6; No. 6 of 1993 s. 11; No. 76 of 1996 s. 40; No. 77 of 2006 s. 4; No. 12 of 2008 Sch. 1 cl. 23(1); No. 19 of 2010 s. 51.]