sec.104Contingency account

### sec.104 Contingency account The Regulator may establish and maintain a contingency account to meet any future liability against a former self-insurer. A regulation may prescribe that a specified percentage of the self-insurer’s annual levy may be paid to the account. Payments may be made from the contingency account if— a self-insurer’s licence is cancelled; and the former self-insurer’s section 84 security is exhausted or has been returned; and WorkCover is unable to recover claims costs from the former self-insurer. s 104 amd 2013 No. 52 s 114 sch 2 ; 2016 No. 44 s 53 sch 1 (sec.104-ssec.1) The Regulator may establish and maintain a contingency account to meet any future liability against a former self-insurer. (sec.104-ssec.2) A regulation may prescribe that a specified percentage of the self-insurer’s annual levy may be paid to the account. (sec.104-ssec.3) Payments may be made from the contingency account if— a self-insurer’s licence is cancelled; and the former self-insurer’s section 84 security is exhausted or has been returned; and WorkCover is unable to recover claims costs from the former self-insurer. - (a) a self-insurer’s licence is cancelled; and - (b) the former self-insurer’s section 84 security is exhausted or has been returned; and - (c) WorkCover is unable to recover claims costs from the former self-insurer.