Section 239AC — Workers Compensation Act 1987 (NSW)

Meaning and application of “threshold amount”

(1) The threshold amount is the amount of $1 million.
(2) The threshold amount applies to the total amount of claims referred to in this Division in respect of an act of terrorism specified in a declaration under section 239AD, and not to the amount of claims in respect of that act that are made against each individual insurer.
(3) The threshold amount is to be apportioned among the insurers who have a liability in respect of a claim referred to in this Division.

Sourced from the New South Wales Legislation website at 8 June 2026. For the latest information on New South Wales Government legislation please go to https://www.legislation.nsw.gov.au. Verify the current text against the official source before relying on it.

Related sections

s 239 — Regulations
s 239AA — Definitions
s 239AB — Meaning of “act of terrorism”
s 239AD — Minister may make declaration as to significant terrorism-related liabilities
s 239AE — Terrorism Re-insurance Fund
s 239AF — Insurers to provide Authority with information

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