85
CurrentInvesting cash deposit
Chapter 2Employer’s obligations
Part 4Employer’s self-insurance
Division 2Issue and renewal of self-insurer’s licence
85 Investing cash deposit
(1)
The Regulator may invest a cash deposit in an authorised investment decided by the Regulator.
(2)
Interest on the deposit must be paid to the self-insurer at the end of each financial year.
(3)
The Regulator may deduct from the interest the reasonable costs of administering the investment.
(4)
In this section—
authorised investment means an investment authorised under the Statutory Bodies Financial Arrangements Act 1982.
This Act’s bill:Explanatory memorandum
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