Previous manager of the NSW CTP and LTCS schemes
State Insurance Regulatory Authority (SIRA) took over the work of 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 a 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 scheme and the LTCS scheme, on the basis set out in the Acts, and on behalf of the NSW state government.
In its Annual Report 2011-2012 (page 5), the Motor Accidents Authority states that its vision was “reducing the social and economic impacts of motor accidents” and that its mission was “ensuring people injured in motor accidents receive appropriate treatment and benefits from a sustainable insurance scheme funded by NSW vehicle owners”.
The Annual Report (page 6) also identified that “the aim of the Motor Accidents Authority is to ensure that premiums are affordable and equitable to fund a Compulsory Third Party insurance scheme that is fair, efficient and sustainable for the benefit of the injured and insured people”.
The six key functional areas in which the MAA operated are:
1. Compliance
Ensure that insurers and other stakeholders comply with the requirements of the Act and any guidelines.
2. Effectiveness
Ensure the market is competitive and fair, licence the insurers, manage the conduct of insurers, monitor and if necessary reject premiums, monitor profitability and monitor insurer solvency.
3. Health Improvement
Improve injury management and health outcomes and improve services for injured people and their families.
4. Claims
Improve efficiency and effectiveness of claims assessment, reduce claims assessment disputes and facilitate timely dispute resolution.
5. Information
Monitor and report on the operation of the scheme. Service the information requirements of greenslip purchasers through the provision of price comparison information and operate the claims advisory service.
6. Prevention
Support injury prevention by funding research, through provision of sponsorships and through participation with the community.
SIRA’s website is useful for all CTP greenslip information, including prices and claims advice from CTPAssist.
The CTPAssist number is 1300 656 919.