Queensland Numbered Acts

NATIONAL INJURY INSURANCE SCHEME (QUEENSLAND) ACT 2016 - SECT 175

175 Amendment of s 15 (Report and recommendations when costs of insurance exceed the affordability index)

(1) Section 15(2)—
omit, insert—

(2) If the costs of CTP insurance exceed the affordability index, the commission must give the Minister a report about the effect of current trends on the affordability of CTP insurance.

(2A) Subsection (4) applies if the commission considers changes to the statutory insurance scheme or the injury insurance scheme are necessary to counter the effect of undesirable trends on the affordability of CTP insurance.

(2B) The commission may, in its report, recommend the changes.

(2C) If the report recommends changes to the injury insurance scheme, the commission must give a copy of the report to the Treasurer.

(2) Section 15(3), ‘However, in’—
omit, insert—
In

(3) Section 15(2A) to (5)—
renumber as section 15(3) to (8).