Document ID: chunk:federal_register_of_legislation:C2008A00087:clause:2_34
Version: federal_register_of_legislation:C2008A00087
Segment Type: clause
Provision Reference: sch 2 cl 34
Character Range: 24587–25218

34  Subsection 41C(7)
Repeal the subsection, substitute:

Adequate financial arrangements

 (7) For the purposes of this Part, adequate financial arrangements, in relation to a passenger‑carrying operation that a carrier engages in, or proposes to engage in, are financial arrangements that are adequate to discharge any personal injury liability of the carrier in respect of each passenger carried, or to be carried, by air by the carrier in the operation.

 (8) To avoid doubt, an acceptable contract of insurance in relation to a passenger‑carrying operation is an adequate financial arrangement in relation to the operation.