148Temporary advances to Fund

### 148 Temporary advances to Fund > > (1)  [*\[Section 148 Subsection (1) amended by No. 4 of 2017, Sched. 1, Applied:01 Jul 2019\]*](/view/html/inforce/2019-07-01/act-2017-004#JS1@Ja140@GC1@Hpa@EN) Where, at any time, the amount of the Fund is insufficient to meet a payment required under [section 145](#GS145@EN) [(3)](#GS145@Gs3@EN) to be made from the Fund, the Treasurer may make temporary advances to the Fund from the Public Account. > > > (2)  [*\[Section 148 Subsection (2) amended by No. 4 of 2017, Sched. 1, Applied:01 Jul 2019\]*](/view/html/inforce/2019-07-01/act-2017-004#JS1@Ja140@GC1@Hpb@EN) The Public Account is appropriated to the extent necessary for the purpose of [subsection (1)](#GS148@Gs1@EN) . > > > (3)  [*\[Section 148 Subsection (3) amended by No. 4 of 2017, Sched. 1, Applied:01 Jul 2019\]*](/view/html/inforce/2019-07-01/act-2017-004#JS1@Ja140@GC1@Hpc@EN) Where a temporary advance is made under this section from the Public Account, the amount of the advance, together with interest at such rate as the Treasurer determines, shall be a first charge on the Fund and shall be paid into the Public Account progressively as money is paid into the Fund. > > > (4)  [*\[Section 148 Subsection (4) amended by No. 4 of 2017, Sched. 1, Applied:01 Jul 2019\]*](/view/html/inforce/2019-07-01/act-2017-004#JS1@Ja140@GC1@Hpd@EN) The amount required to be contributed by licensed insurers and self-insurers pursuant to [section 147](#GS147@EN) shall be sufficient to ensure that any temporary advance made to the Fund by the Treasurer is repaid to the Public Account within 5 years from the day on which the temporary advance is made.