Queensland Consolidated Acts
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MOTOR ACCIDENT INSURANCE ACT 1994 - SECT 12
12 Insurance premiums
(1) An insurance premium under the statutory insurance scheme consists of the
(a) the insurer’s premium;
(b) the statutory
insurance scheme levy;
(c) the hospital and emergency services levy;
Nominal Defendant levy;
(e) the injury insurance scheme levy;
(2) The insurer’s premium is the insurer’s
consideration for providing the insurance.
(3) The statutory insurance scheme
levy is to cover the estimated costs of—
(a) the administration of this Act
(other than costs associated with the Nominal Defendant scheme) for the
financial year in which the levy is fixed, together with any shortfall from
previous financial years; and
(b) the commission performing its functions
under the National Injury Act , chapter 5 for the financial year in which the
levy is fixed.
(4) The hospital and emergency services levy is to cover a
reasonable proportion of the estimated cost of providing public hospital
services and emergency services for the financial year for which the levy is
fixed having regard to the number of people who—
(a) are injured in motor
vehicle accidents; and
(b) make use of public hospital services and emergency
services as a result of their injuries; and
(c) are claimants or potential
claimants under the statutory insurance scheme, but are not—
participants in the injury insurance scheme; or
(ii) eligible persons.
The Nominal Defendant levy is to cover the estimated costs of the Nominal
Defendant scheme for the financial year or other period for which the levy is
fixed together with any shortfall from previous financial years.
administration fee is the fee payable to transport administration for work
done in the administration of the statutory insurance scheme.
administration fee is a controlled receipt for the purposes of the
Financial Accountability Act 2009 .
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