Employer liable to pay first $500 under policy of insurance
18 Employer liable to pay first $500 under policy of insurance
Section 160 of this Act (as amended by Schedule 3 (1) to the Workers Compensation (Benefits) Amendment Act 1991) applies to claims for compensation in respect of injuries to workers that occurred after the commencement of Schedule 3 (1) to that Act.
Section 160 of this Act (as in force immediately before the commencement of Schedule 3 (1) to the Workers Compensation (Benefits) Amendment Act 1991) continues to apply to claims for compensation in respect of injuries to workers that occurred before that commencement.
A policy of insurance obtained under section 155 of this Act that relates to a period beginning before and ending after the commencement of Schedule 3 (1) to the Workers Compensation (Benefits) Amendment Act 1991 is to be construed as if, as regards claims under the policy relating to injuries to workers occurring after that commencement, a reference to the employer’s agreeing to pay the first $500 of each claim under the policy, or a lesser amount, were a reference to the employer’s agreeing to pay an excess amount of $500, or a lesser amount, in respect of each weekly compensation claim within the meaning of section 160 of this Act (as in force after that commencement).
This Act’s bill:Explanatory memorandum
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