Notices and advertisement of winding up
103B Notices and advertisement of winding up
S. 103B(1) amended by Nos 10089 s. 4(1), 10191 s. 268(12)(a), 50/1994 s. 121.
The Authority shall within 21 days of the winding up order referred to in section 103A—
notify in writing those employers holding policies of accident insurance or indemnity of whom he has notice pursuant to section 103A of the winding up order together with a brief statement of the effect the order has on the employer's policy of accident insurance or indemnity; and
S. 103B(1)(b) amended by No. 29/2006 s. 3(Sch. 1 item 39.3).
place a notice in a daily newspaper circulating generally throughout Victoria specifying the date of the winding up order of the insurer together with a brief statement of the effect of the order on employers' policies of accident insurance or indemnity with the relevant insurer.
S. 103B(2) amended by Nos 10089 s. 4(1), 10191 s. 268(12) (a)(b), 50/1994 s. 121.
All costs incurred by the Authority in administering subsection (1) shall be paid out of the Fund.
S. 104 inserted by No. 8733 s. 24(1), amended by Nos 9549 s. 2(1)(Sch. item 263), 10089 s. 4(1), 10191 s. 268(13), 50/1994 s. 121.
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