Section 190 — Injury Prevention, Rehabilitation, and Compensation Act 2001: Purchase of weekly compensation by shareholder-employees

190 Purchase of weekly compensation by shareholder-employees (1) A person with earnings as a shareholder-employee may apply to purchase from the Corporation, in accordance with subsection (2) , the right to receive weekly compensation provided in an agreed manner for loss of earnings as a shareholder-employee for any personal injury for which the person has cover under this Act. (2) For the purposes of subsection (1) , sections 175 , 208(2) , 209 , 210 , 211(1) and (2) , and 212 , and any relevant regulations made under this Act, apply with necessary modifications, as if the person with earnings as a shareholder-employee were a self-employed person. Subsection (2) was amended, as from 22 October 2003, by section 5 Injury Prevention, Rehabilitation, and Compensation Amendment Act (No 2) 2003 (2003 No 80) by inserting “ 206A, ” after “ sections ” . Subsection (2) was amended, as from 1 April 2007, by section 13(1) Injury Prevention, Rehabilitation, and Compensation Amendment Act 2007 (2007 No 8) by substituting “ 175 ” for “ 206A ” . See sections 14 to 16 of that Act for the transitional provisions.