Collections for nominal defendant fund
331 Collections for nominal defendant fund
The MAI commission must, each financial year, collect an amount for the nominal defendant fund—
from the people and funds prescribed by regulation; and
in accordance with the arrangements prescribed by regulation.
The MAI commission may decide the amount to be collected for a financial year.
The MAI commission must not decide an amount for a financial year if the MAI commission considers that satisfactory arrangements have been made for that year (under the insurance industry deed or otherwise) by licensed insurers to meet—
applications for defined benefits; and
motor accident claims made against the nominal defendant.
The insurance industry deed is dealt with in pt 7.2.
This provision refers to the regulations (prescribed by regulation
). Made under this Act:
- Motor Accident Injuries (Acat Costs Orders) Regulation 2020 · under s 492
- Motor Accident Injuries (Insurer Information Collection) Regulation 2020 · under s 492
- Motor Accident Injuries (Lawyer Information Collection) Regulation 2021 · under s 492
1 more instrument made under this Act are listed on the Act’s overview.
This Act’s bill:Explanatory statementSecond reading speech
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