Insurance Commission of Western Australia Amendment Act 2002 (WA)

Western Australia

Insurance Commission of Western Australia

Amendment Act 2002

Western Australia

Insurance Commission of Western Australia

Amendment Act 2002

CONTENTS

1.	Short title	1
2.	Commencement	2
3.	The Act amended	2
4.	Section 3 amended	2
5.	Section 3A inserted	3

3A. Eligible community organisations 3

6.	Section 6 amended	3
7.	Section 7 amended	4
8.	Section 16 amended	4
9.	Section 18 amended	5
10.	Transition and savings	5

Western Australia

Insurance Commission of Western Australia

Amendment Act 2002

No. 34 of 2002

An Act to amend the Insurance Commission of Western Australia

Act 1986.

[Assented to 20 November 2002]

The Parliament of Western Australia enacts as follows:

1.             Short title

This Act may be cited as the Insurance Commission of Western

Australia Amendment Act 2002.

Insurance Commission of Western Australia Amendment Act 2002

s. 2

2.             Commencement

This Act comes into operation on the day on which it receives

the Royal Assent.

3.             The Act amended

The amendments in this Act are to the Insurance Commission of

Western Australia Act 1986*.

[* Reprinted as at 12 November 1999.]

4.             Section 3 amended

Section 3 is amended by inserting the following definitions in

their appropriate alphabetical positions —

“

“community organisation” means —

(a)	an association incorporated under the Associations Incorporation Act 1987;
(b)	a company limited by guarantee that is registered under section 150 of the Corporations Act 2001 of the Commonwealth; or
(c)	a company holding a licence that continues in force under section 151 of the Corporations Act 2001 of the Commonwealth;

“eligible community organisation” has the meaning

given in section 3A;

”.

Insurance Commission of Western Australia Amendment Act 2002

s. 5

5.             Section 3A inserted

After section 3 the following section is inserted in Part 1 —

“

3A. Eligible community organisations

(1)

A community organisation is an eligible community

organisation for the purposes of this Act if the

Treasurer has made a determination under

subsection (2) in respect of the organisation or a class

of organisations of which it is a member.

(2)

The Treasurer may determine that an organisation, or all organisations of a particular class, is or are eligible to participate in an arrangement managed and

administered by the Commission for the insurance and risk management of eligible community organisations.

”.

6.             Section 6 amended

(1) After section 6(c) the following paragraph is inserted —

“

(ca)

to manage and administer insurance and risk

management arrangements on behalf of eligible

community organisations;

”.

(2)

Section 6(e) is amended by deleting “paragraphs (a) and (b)”

and inserting instead —

“

paragraph (a) or (b) or manage and administer

arrangements under paragraph (c) or (ca)

”.

Insurance Commission of Western Australia Amendment Act 2002

s. 7

7.             Section 7 amended

Section 7(4) is amended as follows:

(a) by inserting after “6(c)” —

“ or (ca) ”;

(b) in paragraph (a) by inserting after “authorities” —

“ or eligible community organisations ”;

(c) in paragraph (b) by inserting after “authorities” —

“ or eligible community organisations ”.

8.             Section 16 amended

(1) After section 16(1) the following subsection is inserted —

“

(1a)

The Commission may establish, maintain and

administer a fund for the purposes of an arrangement

managed and administered by the Commission for the

insurance and risk management of eligible community

organisations.

”.

(2) After section 16(5) the following subsection is inserted —

“

(5a)

A fund established under subsection (1a) shall consist

of —

(a)	moneys appropriated for, or derived from or in connection with, the Commission’s functions under section 6(ca), other than moneys that are the subject of a trust of which the Commission is a trustee under section 7(4)(c);
(b)	Commission in connection with the

other property received or acquired by the and

Insurance Commission of Western Australia Amendment Act 2002

s. 9

(c) moneys or other property credited, apportioned or transferred to the fund by the Commission under section 17 or 18.

”.

9.             Section 18 amended

Section 18(2) is amended by deleting “or the Insurance

Commission General Fund” and inserting instead —

“

, the Insurance Commission General Fund or a fund

established under section 16(1a)

”.

10.           Transition and savings

The functions conferred on the Insurance Commission of

Western Australia by section 6(ca) and (e) of the Insurance

Commission of Western Australia Act 1986 as amended by this

Act are taken always to have been functions of the Commission.