183AImposition of civil penalty on or censure of licensed insurer or self-insurer

183A Imposition of civil penalty on or censure of licensed insurer or self-insurer

183A Imposition of civil penalty on or censure of licensed insurer or self-insurer

(1) If the Authority is satisfied that a person who is or was a licensed insurer or self-insurer has contravened its licence or this Act or the regulations, the Authority may—

(a) impose a civil penalty on the person not exceeding $50,000, or

(b) issue a letter of censure to the person.

(2) Before imposing a civil penalty, the Authority is required to give the person concerned an opportunity to make written submissions with respect to the alleged contravention, but is not required to conduct a hearing into the matter.

(3) A civil penalty that has been imposed under this section may be recovered by the Authority in a court of competent jurisdiction as a debt due to the Crown.

(4) (Repealed)

(5) The Authority may cause a letter of censure issued by it under this section to be published.

(6) A civil penalty that is paid or recovered is payable into the Workers Compensation Operational Fund.

(7) (Repealed)

s 183A: Ins 2000 No 87, Sch 17.2. Am 2003 No 81, Sch 2 [34]; 2012 No 54, Sch 3.6 [5]; 2015 No 19, Sch 5 [11] [34] [35].