Motor Accident Injuries Act 2017

The Minister is to review this Act (and the regulations and guidelines under this Act) to determine whether the policy objectives of the Act remain valid and whether the terms of the Act (and those regulations and guidelines) remain appropriate for securing those objectives.

A review under this section is to be undertaken—

as soon as practicable after the period of 3 years from the commencement of the Motor Accident Injuries Amendment Act 2022, and

every 5 years after the period of 3 years referred to in paragraph (a).

A report of the outcome of each review is to be tabled in each House of Parliament within 12 months after the end of the period for undertaking the review.

The review is to consider all aspects of the scheme established by this Act, including the following matters—

the effectiveness of the scheme ensuring insurers are receiving a fair but not excessive profit margin,

the general performance of insurers in the scheme,

the timeliness of the provision of benefits to injured persons,

the proportion of each dollar of premiums collected that directly benefits injured persons,

whether further changes are needed to the scheme.