Document ID: chunk:federal_register_of_legislation:C2025C00116:section:97
Version: federal_register_of_legislation:C2025C00116
Segment Type: section
Provision Reference: s 97
Character Range: 177910–178594

97  Fund to insure
 (1) The Fund must on each day have a policy of insurance or indemnity from an authorised insurer for any amount of the Fund's liability under this Act that exceeds the prescribed amount for a single event which results in an injury to one or more employees.
 (2) Before advising the Governor‑General about the making of a regulation prescribing an amount for this section, the Minister must consult the Fund and such organisations which represent employers or employees as the Minister thinks appropriate.
 (3) A failure to consult as required by subsection (2) does not affect the validity of a regulation prescribing an amount for the purposes of this section.