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MOTOR ACCIDENTS COMPENSATION ACT 1999 - SECT 214B
Records relating to collection of Fund levies
214B Records relating to collection of Fund levies
(1) A licensed insurer must keep such accounting and other records in relation
to Fund levies collected by the insurer under this Part-- (a) as may be
prescribed by the regulations, and
(b) subject to the regulations, as may be
directed by the Authority by notice served on the insurer.
(2) The
regulations may prescribe the manner in which collection of Fund levies is to
be accounted for in any such records.
(3) A licensed insurer must lodge with
the Authority returns in relation to Fund levies collected by the insurer
under this Part in such form, containing such particulars and accompanied by
such documents-- (a) as may be prescribed by the regulations, and
(b) subject
to the regulations, as may be directed by the Authority by notice served on
the insurer.
(4) Returns must be lodged at such other times as may be
prescribed by the regulations or, subject to the regulations, at such times as
the Authority, by notice served on the insurer, directs.
(5) The Authority
may require returns, and documents accompanying returns, to be certified by an
auditor or by an actuary.
(6) A licensed insurer who contravenes any
requirement imposed on the insurer by or under this section is guilty of an
offence. : Maximum penalty--100 penalty units.
(7) The Authority may make
publicly available a copy of any return, and any documents accompanying a
return, under this section.
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