QLDIn ForceAct
Workers' Compensation and Rehabilitation Act 2003
sec.453WorkCover’s capital adequacy
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### sec.453 WorkCover’s capital adequacy
WorkCover is taken to be fully funded if WorkCover—
is able to meet its liabilities for compensation and damages payable from its funds and accounts; and
maintains capital adequacy as required under a regulation.
s 453 amd 2004 No. 45 s 61 ; 2005 No. 50 s 37
- (a) is able to meet its liabilities for compensation and damages payable from its funds and accounts; and
- (b) maintains capital adequacy as required under a regulation.