28
WEDNESDAY, DECEMBER 4, 1985
LASTLY, MISS TAM POINTED OUT THAT THE COOPERATION OF THE TRAFFIC ACCIDENTS VICTIMS WAS PARAMOUNT IN ENABLING THE PROPOSAL TO ACHIEVE ITS OBJECTIVES BECAUSE UNDER THE LEGISLATION TAVA'S FUND COULD ONLY BE PAID TO THE VICTIMS, BUT NOT THE INSURED
+HENCE OF THE 135 CASES WHERE THE INSURED PERSON HAD PAID, IN PART OR IN FULL, DAMAGES TO THE VICTIMS, THESE INSURED PERSONS MUST NOW RELY ON THE VICTIMS TO CLAIM PAYMENTS FROM THE FUND AND SIGN AN UNDE TAKING TO REIMBURSE THEM, SHE SAID.
+WE DO NOT SEE FIT TO AMEND THE TAVA'S ORDINANCE AND MAKE IT POSSIBLE FOR PAYMENTS TO BE MADE TO THE INSURED BECAUSE THIS IS AN +ONE-OFF+ EXERCISE,+ MISS TAM SAID.
-
PNEUMOCON IOS IS FUND LEVY REVISED
****
A MOTION SEEKING TO LOWER THE LEVY TO FINANCE THE PNEUMOCON IOS IS COMPENSATION FUND BY 25 PER CENT WAS ADOPTED IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).
MOVING THE MOTION, THE SECRETARY FOR EDUCATION AND MANPOWER, THE HON NE IL HENDERSON, SAID THE PNEUMOCONIOS IS COMPENSATION FUND BOARD WAS ESTABLISHED TO ADMINISTER THE PNEUMOCONIOSIS COMPENSATION FUND, WHICH WAS FINANCED BY A LEVY OF 0.2 PER CENT OF THE VALUE OF CONSTRUCTION WORKS WITH A VALUE OF AT LEAST $1 MILLION AND OF QUARRY PRODUCTS.
HE SAID THE BOARD AT PRESENT HAD A SURPLUS BALANCE OF SOME $30 MILLION AND IN ORDER TO CORRECT THE IMBALANCE BETWEEN INCOME AND EXPENDITURE THE BOARD HAD RECOMMENDED TO THE GOVERNMENT THAT THE RATE OF LEVY BE REDUCED BY 25 PER CENT, TO 0.15 PER CENT.
THE REVISED RATE OF LEVY WOULD COME INTO EFFECT ON JANUARY 6 NEXT YEAR IF THE NECESSARY RESOLUTION WAS PASSED IN THE LEGISLATIVE COUNCIL, HE NOTED.
MR HENDERSON EXPLAINED THAT WHEN THE BOARD BEGAN OPERATION, IT HAD TO DEAL WITH AN INITIALLY LARGE NUMBER OF CLAIMANTS, MANY OF WHOM WERE SERIOUSLY INCAPACITATED BY PNEUMOCONIOSIS.
THESE CLAIMS HAD NOW BEEN PROCESSED AND, WHERE APPROPRIATE, COMPENSATION HAD BEEN PAID, HE SAID.
+CLA IMANTS ARE NOW COMING FORWARD IN SMALLER NUMBERS AND AT AN EARLIER STAGE OF THE DISEASE. AS A RESULT,
AS A RESULT. THE BOARD'S EXPENDITURE ON COMPENSATION HAS FALLEN OVER THE LAST TWO YEARS WHILE ITS INCOME HAS REMAINED STEADY.
+
+THIS TREND SEEMS LIKELY TO CONTINUE, MR HENDERSON NOTED.
/SUPPORTING THE
Page 30Page 31