New South Wales Consolidated Acts

MOTOR ACCIDENT INJURIES ACT 2017 - SECT 10.13

10.13 Assessment by Authority of amount to be contributed to SIRA Fund

(cf s 213 MACA)
The Authority is required, as soon as practicable in respect of each relevant period--

(a) to make an estimate of the total of the amounts to be paid from the SIRA Fund during that relevant period, and

(b) to determine what amounts, if any, are to be set aside as provisions to meet expenditure from the SIRA Fund in future periods, and specify for what purpose each such amount is being set aside, and

(c) to make an estimate of the total amounts (including the amounts already received) to be received into the SIRA Fund during that relevant period otherwise than by way of contributions in respect of that relevant period under this Division from persons to whom third-party policies are issued, and

(d) to determine the total amount to be contributed to the SIRA Fund under this Division in respect of that relevant period by persons to whom third-party policies are issued after having regard to the amounts likely to be standing to the credit of the SIRA Fund at the beginning of the period, including any amounts set aside in earlier periods as provisions to meet expenditure in later periods, and the amounts estimated under paragraph (c) to be received into the SIRA Fund during the relevant period, and

(e) to specify in writing the estimates, provisions and amounts to be contributed to the SIRA Fund by persons to whom third-party policies are issued.