Motor Accident Injuries Act 2019

to regulate the licensing of insurers operating under the motor accident injuries insurance scheme under this Act, including to issue, suspend or cancel licences for insurers and supervise insurers;

to ensure that premiums fully fund the present and likely future liability under this Act but are not excessive;

to keep the insurance industry deed under review and make recommendations for its amendment;

to monitor insurers’ compliance with their obligations under this Act;

A reference to an Act includes a reference to the statutory instruments made or in force under the Act, including any regulation (see Legislation Act, s 104).

to approve or reject MAI premiums and make guidelines in relation to premiums under this Act;

to provide, or facilitate or regulate the provision of, information to the public about the motor accident injuries insurance scheme, causes of motor vehicle accidents, the insurance business, licensed insurers, defined benefits (including applications for defined benefits) and motor accident claims, and dispute resolution;

to manage complaints about the market practices of licensed insurers and the handling practices of insurers in relation to applications for defined benefits and motor accident claims;

to issue, monitor and review the MAI guidelines and other statutory instruments under this Act;

to monitor, and advise the Minister about, the administration, efficiency and effectiveness of the motor accident injuries insurance scheme;

to investigate any issue affecting the viability of the motor accident injuries insurance scheme;

to support and promote safety in the use of motor vehicles and the prevention of motor accidents;

to develop and coordinate strategies to identify and combat fraud in or related to applications for defined benefits and motor accident claims;

to keep the motor accident injuries insurance scheme generally under review and make recommendations for its amendment;

any other function given to the MAI commission under this Act or another territory law.

A provision of a law that gives an entity (including a person) a function also gives the entity powers necessary and convenient to exercise the function (see Legislation Act, s 196 and dict, pt 1, def entity).