AustLII Tasmanian Numbered Regulations

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GOVERNMENT PRICES OVERSIGHT (MAIB PREMIUMS) ORDER 2000 (S.R. 2000, NO. 180) - REG 6

Maximum annual premium in second year

(1)  The maximum premium for a 12 month period that the Board may determine to be payable at any time in the second year in respect of a motor vehicle of any class (other than class 3, 6, 7 or 16) is the product, rounded to the nearest whole dollar, of –
(a) the maximum premium specified in Schedule 1 for that class of motor vehicle; and
(b) the escalator index for the second year.
(2)  The maximum premium for a 12 month period that the Board may determine to be payable at any time in the second year in respect of a motor vehicle of class 3, 6, 7 or 16 is the product, rounded to the nearest whole dollar, of –
(a) the maximum premium specified in Schedule 1 for that class of motor vehicle; and
(b) the escalator index for the second year plus 0.05.



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