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Workers Compensation Act 1951
144Meaning of compulsory insurance policy
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144 Meaning of compulsory insurance policy
compulsory insurance policy, for the employer, means an insurance
policy—
(a) for an unlimited amount for any liability of the employer under
this Act, or independently of this Act (other than liability for
assessed treatment and care needs of participants in the LTCS
scheme), for an injury to, or the death of, each territory worker
employed by the employer; and
Licences—insurers Division 8.1.2
(b) that complies with this Act.
(2) Subject to section 147A (8) (Compulsory insurance—offences) and
section 154 (Cover notes), a cover note may be a compulsory
insurance policy.