Section 59ZF — Veterans' Entitlements Act 1986: Insurer must notify Department of liability

(1) If an insurer: (a) is given notice under section 59ZE in relation to a claim; and (b) either before or after receiving the notice, becomes liable to indemnify the compensation payer, either wholly or partly, in relation to the claim; the insurer must give written notice of the liability to the Department within 7 days after: (c) becoming liable; or (d) receiving the notice; whichever happens later. Penalty: Imprisonment for 12 months. Note: Subsection 4B(2) of the Crimes Act 1914 allows a court to impose an appropriate fine instead of, or in addition to, a term of imprisonment. If a body corporate is convicted of the offence, subsection 4B(3) of that Act allows a court to impose a fine of an amount that is not greater than 5 times the maximum fine that could be imposed by the court on an individual convicted of the same offence. (2) The notice referred to in subsection (1) must be lodged at an office of the Department in Australia in accordance with section 5T and is taken to have been given on a day determined under that section.