Statute
Section 885H — Corporations Act 2001: The source of funds—general
Text of the provision Official document
There must be an adequate source of funds available to cover claims made under the compensation arrangements in respect of Division 3 losses and in respect of any other losses covered by the arrangements. Note 1: For example, the source of funds may consist of: (a) a fidelity fund; or (b) insurance arrangements; or (c) an irrevocable letter of credit. Note 2: The source of funds does not have to consist of a single thing. It may consist of a combination of different things.
Official source: Federal Register of Legislation
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