113Compensation payer’s or insurer’s payment to Agency discharges liability to participant

113 Compensation payer’s or insurer’s payment to Agency discharges liability to participant

(1) Payment to the Agency of an amount that a compensation payer is liable to pay under section 111 in relation to a participant operates, to the extent of the payment, as a discharge of: (a) the compensation payer’s liability to pay compensation to the participant; and (b) the participant’s liability to pay the Agency. (2) Payment to the Agency of an amount that an insurer is liable to pay under section 111 in relation to a participant operates, to the extent of the payment, as a discharge of: (a) the insurer’s liability to the compensation payer; and (b) the compensation payer’s liability to pay compensation to the participant; and (c) the participant’s liability to pay the Agency.