Compensation for Occupational Injuries and Diseases Act, 1993 (Act No. 130 of 1993)

Chapter IV : Compensation for occupational injuries

31. Security for payment of compensation and cost of medical aid by employers individually liable
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(1)The Director-General may order an employer individually liable to deposit such securities as in the opinion of the Director-General are sufficient to cover the liabilities of the employer in terms of this Act.

 

(2)If an employer has deposited with the Director-General any such security and thereafter fails to meet in full his liabilities in terms of this Act, the Director-General may apply such security to pay those liabilities, and he may deposit any unused balance in the compensation fund and apply it for the payment of future liabilities of that employer in terms of this Act.