Queensland Consolidated Acts

MOTOR ACCIDENT INSURANCE ACT 1994 - SECT 14

14 Recommendations about levies and administration fee

(1) At least 4 months before the end of each financial year, the commission must make recommendations to the Minister on the amount of—

(a) the statutory insurance scheme levy for the next financial year; and

(b) the hospital and emergency services levy for the next financial year; and

(c) the Nominal Defendant levy for the next financial year and the component, if any, to be included in the levy for satisfying liabilities of the Nominal Defendant under section 33 (2) ; and

(d) the administration fee for the next financial year.

Note—

For the commission’s role in making recommendations about the injury insurance scheme levy, see the National Injury Act , section 98 .

(2) A levy mentioned in subsection (1) or the administration fee may vary according to any 1 or more of the following factors—

(a) the class of CTP insurance;

(b) the period of insurance;

(c) any other factor stated in a regulation.

(3) If there is an unexpected increase in the Nominal Defendant’s liabilities that necessitates, in the commission’s opinion, an increase in the Nominal Defendant levy before the end of a financial year for which the levy has been fixed, the commission may, at any time, recommend a special increase in the Nominal Defendant levy.