Document ID: chunk:federal_register_of_legislation:F2023C00483:reg:7
Version: federal_register_of_legislation:F2023C00483
Segment Type: reg
Provision Reference: reg 7
Character Range: 5932–7043

7  Matters to be considered in deciding whether to grant a licence—eligible corporations
  The Commission must not grant a licence to an eligible corporation under section 104 of the Act unless the Commission is satisfied, on reasonable grounds, that satisfactory arrangements have been made to ensure that payments that would be required to be made under the Act to, or in respect of, the eligible corporation's employees will continue to be paid if that corporation is wound up.

7A Matters to be considered in deciding whether to grant a licence – eligible corporations
  In determining an application for a licence under section 104 of the Act, the primary criteria to be considered by the Commission is whether it is satisfied, on reasonable grounds, that:
           (a)  the applicant is a member of a corporate group in which a majority of employees in the corporate group are, at the time of the application, covered by the Act; and
           (b)  the licence would not result in an overall reduction in workers' compensation entitlements for the employees of the applicant to be covered by the Act.