Queensland Consolidated Acts
[Search this Act]
MOTOR ACCIDENT INSURANCE ACT 1994 - SECT 28
Motor Accident Insurance Fund
28 Motor Accident Insurance Fund
(1) There is to be a fund called the Motor Accident Insurance Fund.
fund consists of—
(a) an amount transferred to the fund under section 33
(6) or 106 ; and
(b) the amounts received or recovered by the commission by
way of the statutory insurance scheme levy under this Act; and
amounts received or recovered by the commission by way of the hospital and
emergency services levy under this Act; and
(d) any penalties or penalty
interest imposed under this Act; and
(e) income derived from the investment
of the fund.
(3) The fund is to be applied to meet the cost of administering
this Act, including—
(a) all expenditure by the commission in the exercise
of statutory powers and functions (including payments to be made under
section 106 (4) but not costs otherwise associated with the Nominal Defendant
(b) payments relating to an advance of amounts under
subsection (6) , that are payable under the terms of the advance.
amounts received into the fund by way of the hospital and emergency services
levy are to be applied towards providing public hospital services and public
emergency services and, for that purpose, are to be paid to relevant
(5) The Treasurer may decide at which periodic
intervals, and in what proportions, the amounts are to be paid.
Treasurer may advance amounts to the fund on the terms the Treasurer considers
AustLII: Copyright Policy