Workplace Injury Management and Workers Compensation Act 1998 No 86
Historical version for 23 December 2006 to 30 June 2007 (accessed 21 December 2014 at 16:28) Current version
Chapter 2Part 6Division 1

Division 1 WorkCover Authority Fund

34   WorkCover Authority Fund

(cf 1989 s 18)

The Authority is required to establish and maintain a WorkCover Authority Fund.

35   Payments into and from Fund

(cf 1989 s 19)

(1)  The following is to be paid into the WorkCover Authority Fund:
(a)  money contributed by insurers and self-insurers under Division 2,
(b)  money required to be paid into the Fund by or under this or any other Act,
(c)  all other money received by the Authority and not otherwise appropriated.
(2)  The following is to be paid from the WorkCover Authority Fund:
(a)  the remuneration (including allowances) of the Board of Directors, Investment Board and staff of the Authority,
(b)  the remuneration (including allowances) of members of, and any other costs of operation of, the Council and any consultative body established by the Authority,
(c)  (Repealed)
(d)  expenditure incurred by the Department of Industrial Relations in relation to the exercise of the functions of conciliators under this Act by conciliators who are officers of that Department, including the remuneration payable to those officers,
(e)  the remuneration (including allowances) of conciliators appointed under this Act who are not officers of the Department of Industrial Relations,
(e1)  the costs of operation of the Commission including the remuneration (and allowances) of the members and of the staff of the Commission, and the remuneration of approved medical specialists,
(f)  payments required to be made under section 35A (Residual and ongoing costs of Compensation Court jurisdiction),
(g)  all payments required to meet expenditure incurred in relation to the functions of the Authority,
(h)  all other money required by or under this or any other Act to be paid from the Fund.
(3)  The maximum amount payable from the WorkCover Authority Fund for the costs of operation of the Compensation Court is to be the amount determined by the Minister administering the Compensation Court Act 1984 after consultation with the Minister administering this Act.

35A   Certain ongoing costs of Compensation Court jurisdiction

(1)  The following costs are payable from the WorkCover Authority Fund:
(a)  the costs of operation of the Compensation Court (until the repeal of the Compensation Court Act 1984),
(b)  such of the costs of operation of the District Court, incurred on or before 30 June 2005, relating to matters that would have been matters within the jurisdiction of the Compensation Court (had the repeal Act not been enacted) as the Ministers agree are to be paid from the Fund, and
(c)  such of the ongoing costs of operation of the Compensation Court (those costs determined as if the repeal Act had not been enacted) as the Ministers agree are to be paid from the Fund, and
(d)  such other costs resulting from the operation of the repeal Act as the Ministers agree are to be paid from the Fund.
(2)  The costs of operation of a court include:
(a)  the remuneration (including allowances) of Judges of the court and of officers and employees of the public service employed in connection with the exercise of functions of the court, and
(b)  costs associated with the employment and remuneration of those Judges and officers and employees and of retired Judges of the court (such as contributions for and payments of pensions and superannuation benefits), and
(c)  court accommodation.
(3)  In this section:

repeal Act means the Compensation Court Repeal Act 2002.

the Ministers means the Minister administering the District Court Act 1973 and the Minister administering this Act.

36   Investment

(cf 1989 s 20)

The Authority may invest money held by it:
(a)  in such manner as may be authorised by the Public Authorities (Financial Arrangements) Act 1987, or
(b)  if that Act does not confer power to invest money held by the Authority, in any other manner approved by the Minister with the concurrence of the Treasurer.
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