Collections for nominal defendant fund—arrangements—Act, s 331 (1) (b)
21 Collections for nominal defendant fund—arrangements—Act, s 331 (1) (b)
This section applies if the MAI commission decides an amount to be collected for a financial year under the Act, section 331 (2).
The MAI commission must decide what proportion of the amount is to be paid by each prescribed person each quarter.
In deciding a prescribed person’s proportion for a quarter, the MAI commission must have regard to—
for a licensed insurer—the income received by the insurer for MAI policy premiums in the previous quarter; and
for the Territory—the premiums that would have been payable for territory government vehicles in the previous quarter if the vehicles had been insured under MAI policies; and
for the Commonwealth—the premiums that would have been payable for commonwealth government vehicles in the previous quarter if the vehicles had been insured under MAI policies.
In this section:
commonwealth government vehicle means a motor vehicle usually used in the ACT and owned by the Commonwealth or a Commonwealth authority.
territory government vehicle means a motor vehicle usually used in the ACT and owned by the Territory or a territory authority.
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