ACTIn ForceAct
Workers Compensation Act 1951
167Accounts for DI fund
Start here
Get a plain-English read of 167
Turn the raw legal text into a practical explanation grounded in Workers Compensation Act 1951.
167 Accounts for DI fund
(1) The DI fund manager must keep a separate account in the DI fund
for—
(a) claims made against employers without compulsory insurance
policies; and
(b) a licensed insurer if—
(i) a claim is, or has been, made against a compulsory
insurance policy issued by the insurer; and
(ii) the insurer cannot provide the indemnity required to be
provided under the policy.
(2) The DI fund manager must keep accounts for—
(a) amounts paid into the DI fund under division 8.2.4
(Contributions to DI fund); and
(b) amounts withdrawn from the fund.
(3) Accounts kept of amounts withdrawn from the fund must show the
reason why each amount is withdrawn.