147ACompulsory insurance—offences

147A Compulsory insurance—offences (1) This section applies to an employer to whom section 147 applies. (2) An employer commits an offence if the employer fails to maintain a compulsory insurance policy with a licensed insurer. (3) An employer commits an offence if— (a) the employer is given a default notice; and (b) at the end of the compliance period, the employer does not hold a compulsory insurance policy issued by a licensed insurer. (4) An employer commits an offence if— (a) the employer is given a 2nd default notice; and (b) at the end of the 2nd compliance period, the employer does not hold a compulsory insurance policy issued by a licensed insurer. Maximum penalty: 250 penalty units. (5) An employer commits an offence if— (a) the employer is given a cease business order; and (b) the employer does not cease to conduct the employer’s business. Maximum penalty: 250 penalty units. (6) An offence against subsection (2) or (3) is a strict liability offence. (7) Subsections (3), (4) and (5) do not apply to a non-business employer. (8) A cover note may be a compulsory insurance policy only if it is in force for not longer than 30 days and— (a) the employer maintained a compulsory insurance policy (other than a cover note) immediately before maintaining the cover note; or (b) the employer was not an employer immediately before beginning to maintain the cover note; or (c) the employer was a licensed self-insurer immediately before beginning to maintain the cover note. (9) In this section: 2nd compliance period—see section 147 (4). 2nd default notice—see section 147 (4). cease business notice—see section 147 (5). compliance period—see section 147 (3). default notice—see section 147 (3).