Commonwealth Consolidated Acts

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CFM SALE ACT 1996 - SECT 53

Transitional provisions relating to Division 4A of Part VII

  (1)   On and after the sale day of a CFM body, Division   4A of Part   VII of the Safety, Rehabilitation and Compensation Act 1988 applies to the CFM body as if:

  (a)   the CFM body continues to be a Commonwealth authority; and

  (b)   the CFM body is not required to pay a premium under that Division in respect of the part of a financial year that occurs after the sale day; and

  (c)   the following word and paragraph were added at the end of subsection 96H(1):

  ; or (f)   in the case of an authority--the authority is not required to pay a premium under this Division in respect of part of a financial year.

  (2)   If, 60 days after the sale day of a CFM body, an amount of premium payable by the body to Comcare in respect of the period before the sale day remains unpaid, the amount is a debt due to the Commonwealth by the CFM body and payable to Comcare.



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