12DDPayments from Fund

12DD Payments from Fund

12DD Payments from Fund

(1) Money may be paid from the Fund for the following—

(a) claims made under special liability insurance,

(b) costs, including disbursements and commissions, of services provided in connection with the administration of the Corporation’s business,

Example—

risk management, actuarial, agency, brokerage and legal services

(c) costs incurred by or on behalf of a NSW Government agency in providing services in connection with the Corporation’s business,

(d) administrative expenses in connection with the Fund,

(e) repayments to the Consolidated Fund for payments made under section 12DC(b)(i) or (ii),

(f) amounts directed or authorised to be paid from the Fund by or under this or another Act.

(2) A repayment under subsection (1)(e) may be made if the Treasurer—

(a) considers the amount to be repaid is surplus to the requirements of the Fund, and

(b) in assessing whether the amount is surplus, has applied an appropriate prudential margin.

(3) In this section—

Corporation’s business means the special liability insurance business of the Self Insurance Corporation.

s 12DD: Ins 2024 No 54, Sch 1[7].