New South Wales Consolidated Acts

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Review of Act

11.13 Review of Act

(1) 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.
(2) The review is to be undertaken as soon as practicable after the period of 3 years from the commencement of this Act and a report of the outcome of the review is be tabled in each House of Parliament within 12 months after the end of that period of 3 years.
(3) The review is to consider all aspects of the scheme established by this Act, including the following matters--
(a) the effectiveness of the scheme ensuring insurers are receiving a fair but not excessive profit margin,
(b) the general performance of insurers in the scheme,
(c) the timeliness of the provision of benefits to injured persons,
(d) the proportion of each dollar of premiums collected that directly benefits injured persons,
(e) whether further changes are needed to the scheme.

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