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Accident Compensation Amendment Act 1997

WESTERN SAMOA

Accident Compensation Amendment Act
1997, No. 8

Arrangement of Provisions

Title

1. Short title and commencement

2. Power to delegate functions

3. Financial Functions and Powers

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AN ACT to amend the Accident Compensation Act 1989.

[14 April, 1997]

BE IT ENACTED by the Legislative Assembly of Western Samoa in Parliament assembled as follows:-

1. Short title - This Act may be cited as the Accident Compensation Amendment Act 1997 which shall be read together with and deemed part of the Accident Compensation Act 1989 (hereinafter referred to as the principal Act).

2. Power to delegate functions - Section 11 of the principal Act is amended by inserting the following paragraph (e) immediately after paragraph (d) of sub-section (2) of section 11:-

"(e) the investment powers of the Board under this Act."

3. Financial Functions and Powers - Section 56 of the principal Act is amended by inserting the following paragraph (e) immediately after paragraph (d) of subsection (2) of section 56:-

"(e) the management and administration of the Fugalei Saleufi market in any manner the Board determines to be economically appropriate:

PROVIDED however, that where the net income from the total investment of the Board in the said market in any year shall have fallen short of 9%, the Government of Samoa shall procure by appropriation funds to meet the short fall."

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