Indemnities and insurance premiums for officers
ANSTO’s insurance coverage with Comcover includes professional indemnity and directors’ and officers’ liability. Certain sections of the PGPA Act contain prohibitions against ANSTO giving indemnities and paying insurance premiums relating to liabilities arising from conduct involving a lack of good faith by officers, amongst other conduct.
There have been no exceptions to these provisions and no claims were made against ANSTO in respect of such directors’ and officers’ or professional liability that required a claim on ANSTO’s insurer, Comcover. It should be noted that ANSTO subsidiaries are fully covered under ANSTO’s overarching Comcover policies. Workers compensation coverage is dependent on whether employees of a subsidiary are Commonwealth Government employees or employed under State labour legislation.