Compulsory Third Party Insurance Regulation Act 2016 (SA)

South Australia Compulsory Third Party Insurance Regulation Act 2016 An Act to establish the CTP Regulator; to define its functions in relation to the compulsory third party insurance scheme for motor vehicles in the State; to make related amendments to the Motor Accident Commission Act 1992 and the Motor Vehicles Act 1959; and for other purposes.

Contents Part 1—Preliminary 1 Short title 2 Commencement 3 Interpretation Part 2—CTP Regulator Division 1—Establishment, functions and powers 4 Establishment 5 Functions 6 Powers 7 Independence Division 2—Constitution of CTP Regulator 8 Constitution of CTP Regulator 9 Acting CEO Division 3—CEO 10 Conditions of appointment 11 Functions of CEO 12 Saving provision 13 Delegation 14 Conflict of interest Division 4—Staff and resources 15 Staff and resources Part 3—Collection and use of information 16 Regulator's power to require information 17 Obligation to preserve confidentiality 18 Statutory declarations Part 4—Miscellaneous 19 Annual report 20 False or misleading information 21 Service 22 Regulations Schedule 1—Related amendments and transitional provisions Part 1—Preliminary 1 Interpretation Part 2—Amendment of Motor Accident Commission Act 1992 2 Amendment of section 3—Interpretation 3 Amendment of section 13A—Sufficient level of solvency 4 Amendment of section 14—Functions and objectives of Commission 5 Amendment of section 18—Commission's charter 6 Amendment of section 25—MAC Fund 7 Amendment of section 26—Requirement by Treasurer for payment from surplus 8 Amendment of section 29—Annual report 9 Amendment of section 29B—Prosecution of offences under Part 4 of Motor Vehicles Act 1959 Part 3—Amendment of Motor Vehicles Act 1959 10 Amendment of section 5—Interpretation 11 Amendment of section 99—Interpretation 12 Amendment of section 99A—Insurance premium to be paid on applications for registration 13 Amendment of section 101—Approved insurers 14 Substitution of section 104 104 Requirements if policy is to comply with this Part 15 Amendment of section 116—Claim against nominal defendant where vehicle uninsured 16 Amendment of section 124AA—Limitation of liability in respect of foreign awards 17 Repeal of section 129 18 Repeal of section 134A 19 Repeal of Schedule 4 20 Transitional provision—Saving of existing policies of insurance under Part 4 Part 4—Transitional provisions 21 Interpretation 22 Ministerial control 23 Transfer of CTP insurance policies Legislative history