The Accident Insurance Non-Compliers Fund: Notice of Crown Advance Pursuant to Section 265 and Interest Pursuant to Section 276 of the Accident Insurance Act 1998 The Accident Insurance Act 1998 (``the Act'') establishes the regulator. Pursuant to section 198 (d) of the Act, one of the specific functions of the regulator is to manage the Non-Compliers Fund. The objective of this fund is to cover the cost of claims relating to the employees of employers who have failed to take out accident insurance cover for work-related personal injury. The Non-Compliers Fund is to be funded initially by an interest-bearing advance from the Crown. The advance will be drawn down in stages as and when required. The Crown advance (plus interest) will be repaid to the Crown by the end of the year following the year in which the advance is made. Pursuant to section 265 of the Act, which requires the regulator to ``estimate the amount of money that will be necessary to be paid into the Non-Compliers Fund for the purposes of the fund'', the regulator has requested an advance of $3.3 million. The Minister of Finance has agreed to that estimate. Under section 265 (7), the advance is required to be notified in the New Zealand Gazette. Pursuant to section 276 of the Act, the Minister of Finance has determined that the rate of interest on the advance will be 10 percent. THE ACCIDENT INSURANCE REGULATOR, Department of Labour.