Economic Regulator (MAIB Premiums) Order 2025

Economic Regulator (MAIB Premiums) Order 2025

24 September 2025

I make the following order under section 36 of the Economic Regulator Act 2009.

This order may be cited as the Economic Regulator (MAIB Premiums) Order 2025.

This order takes effect 61 days after the day on which its making is notified in the Gazette.

In this order, unless the contrary intention appears – Average Weekly Earnings means the Average Weekly Earnings published by the Australian Bureau of Statistics;AWOTE means the dollar figure for full-time adult ordinary time earnings for persons set out in that part of the Average Weekly Earnings that is under the heading “AVERAGE WEEKLY EARNINGS Australia: Original”;Board means the Motor Accidents Insurance Board; class means a class specified in Schedule 1; commencement day means the day on which this order takes effect; escalator index means the escalator index calculated in accordance with clause 4; first year means the period of 12 months commencing on the commencement day; fourth year means the period of 12 months commencing at the end of the third year; heavy vehicle has the same meaning as in the Heavy Vehicle National Law (Tasmania) Act 2013; hire and drive passenger service has the same meaning as in the Passenger Transport Services Act 2011; luxury hire car has the same meaning as in the Taxi and Hire Vehicle Industries Act 2008; luxury hire car service has the same meaning as in the Taxi and Hire Vehicle Industries Act 2008; pensioner means a person who is – the holder of a current health care card issued in accordance with the Social Security Act 1991 of the Commonwealth; or the holder of a current pensioner concession card issued in accordance with the Social Security Act 1991 of the Commonwealth or as a fringe benefit under the Veterans' Entitlements Act 1986 of the Commonwealth; or the holder of a current Gold Card or White Card issued in accordance with the Veterans' Entitlements Act 1986 of the Commonwealth; public passenger vehicle means a motor vehicle that is used to operate a passenger transport service within the meaning of the Passenger Transport Services Act 2011; reduced period means a period of less than 12 months; registered means registered under the Vehicle and Traffic Act 1999;Registrar means the Registrar of Motor Vehicles appointed or employed under section 5 of the Vehicle and Traffic Act 1999; ride-sourcing software means a computer software system that enables – requests, for passengers to be carried on journeys in motor vehicles, to be received; and such requests to be communicated to, and accepted by, drivers of motor vehicles; and such passengers to provide to such drivers financial consideration, for carriage on such journeys, only by way of the electronic transfer of funds by a system that is provided; and identification of, and recording of the details of, such drivers and vehicles and the origin, destination and duration of such journeys; and satisfaction rating services to be provided – only by means of the software; ride-sourcing vehicle means a motor vehicle that is used, by a person in whose name the vehicle is registered, to carry on journeys passengers who – arrange, by means of ride-sourcing software, to be so carried; and provide to the person financial consideration for such journeys only by means of a system for electronic transfer of funds that is provided as part of the software; second year means the period of 12 months commencing at the end of the first year; severe disability means a permanent disability which, in the Registrar's opinion, prevents a person from using public transport without assistance; special-interest vehicle has the same meaning as in the Vehicle and Traffic (Driver Licensing and Vehicle Registration) Regulations 2021; taxi has the same meaning as in the Taxi and Hire Vehicle Industries Act 2008; taxi service has the same meaning as in the Taxi and Hire Vehicle Industries Act 2008; third year means the period of 12 months commencing at the end of the second year.

A reference in this order to a publication includes a reference to – that publication as amended from time to time; and a publication published in substitution for that publication.

Unless the contrary intention appears, an expression used in this order has the same meaning as it has in the Motor Accidents (Liabilities and Compensation) Act 1973.

For the purposes of this order, ride-sourcing software enables satisfaction rating services to be provided only by means of the software if the software – enables a person, who has been, pursuant to a request communicated by the software to a driver, carried on a journey in a motor vehicle driven by the driver, to record by means of the software the person's degree of satisfaction in relation to the driver and the journey; and automatically aggregates such records in relation to such drivers and such journeys; and enables a rating, of a driver, derived from such records to be able to be made available to a person whose request to be carried on a journey in a motor vehicle is accepted by the driver.

The Acts Interpretation Act 1931 applies to the interpretation of this order as if this order were by-laws.

Premiums calculated under this order – include GST within the meaning of the A New Tax System (Goods and Services Tax) Act 1999 of the Commonwealth; and do not include duty payable under the Duties Act 2001.

In this clause – May reference period means the 6-month period that commences on the first day of December in any year.

The escalator index for the second year, third year or fourth year in respect of a motor vehicle of any class is to be calculated in accordance with the following formula:where – E is the escalator index for the second year, third year or fourth year, as the case requires;A is the AWOTE for the May reference period immediately preceding the second year, third year or fourth year, as the case requires;B is the AWOTE for the May reference period for the year immediately preceding the year referred to in the definition of A.

The maximum premium for a 12-month period that the Board may determine to be payable at any time in the first year in respect of a motor vehicle of any class is the maximum premium specified in Schedule 1 for that class of motor vehicle.

The maximum premium for a 12-month period that the Board may determine to be payable at any time in the second year in respect of a motor vehicle of any class (other than class 2, 4, 5, 6, 18, 21 or 23) is the product, rounded to the nearest whole dollar, of – the maximum premium specified in Schedule 1 for that class of motor vehicle; and the escalator index for the second year.

The maximum premium for a 12-month period that the Board may determine to be payable at any time in the second year in respect of a motor vehicle of class 2 is the product, rounded to the nearest whole dollar, of – the maximum premium specified in Schedule 1 for that class of motor vehicle; and the sum of the escalator index for the second year and 0.025.

The maximum premium for a 12-month period that the Board may determine to be payable at any time in the second year in respect of a motor vehicle of class 4 or 5 is the product, rounded to the nearest whole dollar, of – the maximum premium specified in Schedule 1 for that class of motor vehicle; and the sum of the escalator index for the second year and 0.0389.

The maximum premium for a 12-month period that the Board may determine to be payable at any time in the second year in respect of a motor vehicle of class 6 is the product, rounded to the nearest whole dollar, of – the maximum premium specified in Schedule 1 for that class of motor vehicle; and the sum of the escalator index for the second year and 0.0374.

The maximum premium for a 12-month period that the Board may determine to be payable at any time in the second year in respect of a motor vehicle of class 18 is the product, rounded to the nearest whole dollar, of – the maximum premium specified in Schedule 1 for that class of motor vehicle; and the sum of the escalator index for the second year and 0.05.

The maximum premium for a 12-month period that the Board may determine to be payable at any time in the second year in respect of a motor vehicle of class 21 is the product, rounded to the nearest whole dollar, of – the maximum premium specified in Schedule 1 for that class of motor vehicle; and the sum of the escalator index for the second year and 0.25.

The maximum premium for a 12-month period that the Board may determine to be payable at any time in the second year in respect of a motor vehicle of class 23 is the product, rounded to the nearest whole dollar, of – the maximum premium specified in Schedule 1 for that class of motor vehicle; and the sum of the escalator index for the second year and 0.031.

An amount that is dollars and a number of cents is rounded to the nearest dollar – if the number of cents is 50 or more, by increasing that amount to the next whole dollar; or if the number of cents is less than 50, by deducting those cents from that amount.

The maximum premium for a 12-month period that the Board may determine to be payable at any time in the third year in respect of a motor vehicle of any class (other than class 2, 4, 5, 6, 18, 21, or 23) is the product, rounded to the nearest whole dollar, of – the maximum premium that may be determined to be payable in the second year in respect of that motor vehicle; and the escalator index for the third year.

The maximum premium for a 12-month period that the Board may determine to be payable at any time in the third year in respect of a motor vehicle of class 2 is the product, rounded to the nearest whole dollar, of – the maximum premium that may be determined to be payable in the second year in respect of that motor vehicle; and the sum of the escalator index for the third year and 0.025.

The maximum premium for a 12-month period that the Board may determine to be payable at any time in the third year in respect of a motor vehicle of class 4 or 5 is the product, rounded to the nearest whole dollar, of – the maximum premium that may be determined to be payable in the second year in respect of that motor vehicle; and the sum of the escalator index for the third year and 0.0389.

The maximum premium for a 12-month period that the Board may determine to be payable at any time in the third year in respect of a motor vehicle of class 6 is the product, rounded to the nearest whole dollar, of – the maximum premium that may be determined to be payable in the second year in respect of that motor vehicle; and the sum of the escalator index for the third year and 0.0374.

The maximum premium for a 12-month period that the Board may determine to be payable at any time in the third year in respect of a motor vehicle of class 18 is the product, rounded to the nearest whole dollar, of – the maximum premium that may be determined to be payable in the second year in respect of that motor vehicle; and the sum of the escalator index for the third year and 0.05.

The maximum premium for a 12-month period that the Board may determine to be payable at any time in the third year in respect of a motor vehicle of class 21 is the product, rounded to the nearest whole dollar, of – the maximum premium that may be determined to be payable in the second year in respect of that motor vehicle; and the sum of the escalator index for the third year and 0.25.

The maximum premium for a 12-month period that the Board may determine to be payable at any time in the third year in respect of a motor vehicle of class 23 is the product, rounded to the nearest whole dollar, of – the maximum premium that may be determined to be payable in the second year in respect of that motor vehicle; and the sum of the escalator index for the third year and 0.031.

An amount that is dollars and a number of cents is rounded to the nearest dollar – if the number of cents is 50 or more, by increasing that amount to the next whole dollar; or if the number of cents is less than 50, by deducting those cents from that amount.

The maximum premium for a 12-month period that the Board may determine to be payable at any time in the fourth year in respect of a motor vehicle of any class (other than class 2, 4, 5, 6, 18, 21 or 23) is the product, rounded to the nearest whole dollar, of – the maximum premium that may be determined to be payable in the third year in respect of that motor vehicle; and the escalator index for the fourth year.

The maximum premium for a 12-month period that the Board may determine to be payable at any time in the fourth year in respect of a motor vehicle of class 2 is the product, rounded to the nearest whole dollar, of – the maximum premium that may be determined to be payable in the third year in respect of that motor vehicle; and the sum of the escalator index for the fourth year and 0.025.

The maximum premium for a 12-month period that the Board may determine to be payable at any time in the fourth year in respect of a motor vehicle of class 4 or 5 is the product, rounded to the nearest whole dollar, of – the maximum premium that may be determined to be payable in the third year in respect of that motor vehicle; and the sum of the escalator index for the fourth year and 0.0389.

The maximum premium for a 12-month period that the Board may determine to be payable at any time in the fourth year in respect of a motor vehicle of class 6 is the product, rounded to the nearest whole dollar, of – the maximum premium that may be determined to be payable in the third year in respect of that motor vehicle; and the sum of the escalator index for the fourth year and 0.0374.

The maximum premium for a 12-month period that the Board may determine to be payable at any time in the fourth year in respect of a motor vehicle of class 18 is the product, rounded to the nearest whole dollar, of – the maximum premium that may be determined to be payable in the third year in respect of that motor vehicle; and the sum of the escalator index for the fourth year and 0.05.

The maximum premium for a 12-month period that the Board may determine to be payable at any time in the fourth year in respect of a motor vehicle of class 21 is the product, rounded to the nearest whole dollar, of – the maximum premium that may be determined to be payable in the third year in respect of that motor vehicle; and the sum of the escalator index for the fourth year and 0.25.

The maximum premium for a 12-month period that the Board may determine to be payable at any time in the fourth year in respect of a motor vehicle of class 23 is the product, rounded to the nearest whole dollar, of – the maximum premium that may be determined to be payable in the third year in respect of that motor vehicle; and the sum of the escalator index for the fourth year and 0.031.

An amount that is dollars and a number of cents is rounded to the nearest dollar – if the number of cents is 50 or more, by increasing that amount to the next whole dollar; or if the number of cents is less than 50, by deducting those cents from that amount.

The maximum premium for a 3-month period that the Board may determine to be payable at any time in a year in respect of a motor vehicle registered for such reduced period is the amount rounded to the nearest 5 cents, calculated in accordance with the following formula:

The maximum premium for a 6-month period that the Board may determine to be payable at any time in a year for a motor vehicle is the amount rounded to the nearest 5 cents, calculated in accordance with the following formula:

If a premium payable under this clause is not exactly divisible by 5, the remainder of that premium after dividing by 5 is to be – if the number of cents remaining is 2.5 or more but less than 5, rounded up to the nearest amount exactly divisible by 5; or if the number of cents remaining is less than 2.5 but more than 0, rounded down to the nearest amount exactly divisible by 5.

In this clause – eligible asylum seeker means a person who is – the registered operator of a motor vehicle; and one of the following persons:the holder of a Bridging (Class WE) (Subclass 050 or 051) visa issued under section 73 of the Migration Act 1958 of the Commonwealth; a person who is subject to a residence determination that has been made under section 197AB of the Migration Act 1958 of the Commonwealth; eligible pensioner means a person who is – the registered operator of a motor vehicle; and one of the following persons:a pensioner; a person who has a severe disability; a parent or guardian of a person who has a severe disability and has not attained the age of 16 years.

The maximum premium that the Board may determine to be payable at any one time during the first year, second year, third year or fourth year in respect of one class 1 or class 2 motor vehicle of an eligible asylum seeker or eligible pensioner is 80% of the premium that, but for this clause, would be payable in respect of that motor vehicle.

In relation to any other class 1 or class 2 motor vehicle of the eligible asylum seeker or eligible pensioner, the maximum premium payable in respect of that vehicle is the premium that would be payable in respect of that motor vehicle if the registered operator were not an eligible asylum seeker or eligible pensioner.

This order ceases to have effect at the end of the period of 4 years commencing on the commencement day.