NSWIn ForceAct
Workers Compensation Act 1987
216Application and refund of deposit
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#### 216 Application and refund of deposit
216 Application and refund of deposit
(cf former ss 24, 25A)
> > (1) The Authority is to hold every amount of money deposited under this Division on trust for the payment and satisfaction of all claims, judgments or awards (not otherwise paid or satisfied)—
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> > > (a) against the person making the deposit in respect of the person’s self-insurer liabilities, and
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> > > (b) against any person that is a subsidiary of the person making the deposit (being a subsidiary that is or was covered for the time being by the self-insurer licence of the person making the deposit) in respect of the subsidiary’s self-insurer liabilities.
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> > (2) An amount of money deposited with the Authority under this Division is not liable to be attached or levied on or made subject to any debts of or claims against the person making the deposit, except as provided by subsection (1).
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> > (3) A person who has deposited an amount of money with the Authority under this Division is, if the person has ceased to be a self-insurer, entitled to a refund of the amount so deposited and standing to the person’s credit with the Authority—
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> > > (a) on the expiration of 3 months after service on the Authority of a written request for the refund, and
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> > > (b) on satisfying the Authority that all accrued, continuing, future and contingent self-insurer liabilities of the person or the person’s subsidiaries have been discharged or adequately provided for.
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> > (4) In this section, self-insurer liabilities of a person has the same meaning as in section 213.
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> **s 216:** Am 1989 No 133, Sch 8 (17); 1991 No 94, Sch 1. Subst 1994 No 10, Sch 3 (8). Am 1995 No 30, Sch 1 \[10\]; 2008 No 22, Sch 1 \[19\]–\[22\].