Section 218 — Injury Prevention, Rehabilitation, and Compensation Act 2001: Application and source of funds

218 Application and source of funds (1) In this section, unless the context otherwise requires, non-work injury means a personal injury covered by this Act other than— (a) a work-related personal injury; or (b) a work injury within the meaning of the Accident Rehabilitation and Compensation Insurance Act 1992; or (c) a motor vehicle injury; or (d) a treatment injury. (2) The purpose of the Earners' Account is to finance entitlements provided under this Act in respect of personal injury to earners who suffer personal injury that is a non-work injury. (3) The funds for the Earners' Account are to be derived from— (a) levies payable under section 219 (including premiums payable by virtue of Part 11 ); and (b) the prescribed Earners' Account Residual levy payable under section 219(2) ; and (c) levies payable by persons under section 223 (the purchase of weekly compensation by non-earners); and (d) payments made to the Corporation in respect of obligations for non-work injury taken on by the Corporation under section 7 of the Accident Insurance (Transitional Provisions) Act 2000 in relation to accident insurance contracts for self-employed persons. (4) The funds in the Earners' Account must be applied to meet the costs of— (a) entitlements in respect of earners who have cover for personal injury that is a non-work injury; and (b) entitlements required to be funded in accordance with section 228 (the Treatment Injury Account); and (c) weekly compensation required to be provided to a person covered by section 223 ; and (d) entitlements that are required to be provided in accordance with Part 11 in respect of persons whose entitlements would have been provided from the Earners' Account under the Accident Insurance Act 1998; and (e) entitlements in respect of obligations for non-work injury taken on by the Corporation under section 7 of the Accident Insurance (Transitional Provisions) Act 2000 in relation to accident insurance contracts for self-employed persons; and (f) administering the Account; and (g) any other expenditure authorised by this Act. (5) The purpose of the Earners' Account Residual levy under subsection (3)(b) is to fund the cost of claims that would have been provided from the Earners' Account under the Accident Rehabilitation and Compensation Insurance Act 1992. Compare: 1998 No 114 s 282 Subsection (1)(d) was substituted, as from 1 July 2005, by section 37 Injury Prevention, Rehabilitation, and Compensation Amendment Act (No 2) 2005 (2005 No 45). Subsection (4)(b) was amended, as from 1 April 2007, by section 13(1) Injury Prevention, Rehabilitation, and Compensation Amendment Act 2007 (2007 No 8) by substituting “ the Treatment Injury Account ” for “ the Medical Misadventure Account ” . See sections 14 to 16 of that Act for the transitional provisions.