Previous manager of the NSW CTP and LTCS schemes
State Insurance Regulatory Authority (SIRA) took over from the Motor Accidents Authority (MAA) on 1 September 2015. SIRA is a statutory body created by State Insurance and Care Governance Act 2015. Part 3 of this Act sets out the structure and functions of SIRA.
The Motor Accidents Authority (MAA) was the statutory body constituted by Motor Accidents Compensation Act 1999. That Act set out the structure and functions of the MAA.
The MAA used to manage the CTP greenslip and LTCS schemes, on the basis set out in the Acts and on behalf of the NSW state government.
The MAA had six key functional areas:
1. Compliance
Ensured that insurers and other stakeholders complied with requirements of the Act and any guidelines.
2. Effectiveness
Ensured the market was competitive and fair, licensed the insurers, managed insurer conduct, monitored and if necessary rejected premiums, monitored profitability and insurer solvency.
3. Health improvement
Improved injury management and health outcomes and improved services for injured people and their families.
4. Claims
Improved efficiency and effectiveness of claims assessment, reduced claims assessment disputes and facilitated timely dispute resolution.
5. Information
Monitored and reported on operation of the scheme. Provided information to greenslip purchasers through price comparison and a claims advisory service.
6. Prevention
Supported injury prevention by funding research, through sponsorships and participation with the community.
The SIRA site provides CTP greenslip information, including prices and claims advice from CTPAssist.
The CTPAssist number is 1300 656 919.