(1) This regulation applies to a self-insurer if—
(a) the self-insurer—
(i) contravenes the Act, section 112 (Compliance by insurers) or another provision of the Act; or
(ii) is unable to meet the self-insurer's current and expected liabilities under the Act; or
(iii) no longer has reinsurance of at least $500 000 cpi indexed for a single event to cover the employer's future liability under the Act; or
(iv) does not have the guarantee from an authorised deposit-taking institution mentioned in regulation 86 (1) (f) (What application for exemption must contain); or
(v) fails to comply with a condition on the self-insurer's exemption; and
(b) the Minister has given the self-insurer notice under regulation 92 (Notice of proposed action against self-insurer).
(2) After considering any written representation made by the self-insurer within the period for representations stated in the notice, the Minister may—
(a) if the proposed action is to suspend the self-insurer's exemption for a stated period—suspend the exemption for not longer than the period, or do 1 or more of the things mentioned in paragraph (b); or
(b) if the proposed action is to do a thing mentioned in this paragraph—do 1 or more of the following:
(i) order the self-insurer to pay to the Territory a financial penalty of not more than $1 000;
(ii) impose a condition on the self-insurer's exemption (for example, by including of a condition providing for increased supervision of the self-insurer by the Minister);
(iii) censure the self-insurer;
(iv) order the self-insurer to take remedial action.
(3) The Minister must tell the self-insurer in writing about the decision—
(a) if the decision is to take action other than suspension—in a way that complies with the requirements of the code of practice in force under the Administrative Appeals Tribunal Act 1989 , section 25B (1); or
(b) if the decision is to suspend the self-insurer's exemption—in accordance with regulation 95 (What if Minister decides to suspend or revoke self-insurer's exemption?).
(4) In this regulation:
"proposed action"—see regulation 92 (Notice of proposed action against self-insurer).