The object of this Act is to promote a viable and equitable compulsory third-party insurance (CTP) system and improve the scheme of statutory insurance for uninsured and unidentified vehicles operating in Queensland.
The Motor Accident Insurance Act 1994 (MAI Act) provides for a CTP scheme covering liability for personal injury arising from motor vehicle accidents and focuses on:
- the licensing and supervision of CTP insurers;
- encouraging the speedy resolution of personal injury claims;
- promoting and encouraging rehabilitation of injured persons; and
- investigating and detecting fraudulent activities against the scheme.
The MAI Act outlines the obligations of licensed insurers and of claimants in bringing a common law action under compulsory third-party insurance.
It establishes the Motor Accident Insurance Commission (the Commission) and describes its powers, functions and responsibilities, including its role in administering the Nominal Defendant Fund.
It further provides for the funding of the Commission's operations and for the provisions of funds to public hospitals and public emergency services, representing a fair proportion of the estimated cost of providing treatment to injured persons from motor vehicle accidents.