Territory Stories

Statement of Corporate Intent MAC Business 1 July 2006 to 30 June 2009

Details:

Title

Statement of Corporate Intent MAC Business 1 July 2006 to 30 June 2009

Other title

Tabled paper 822

Collection

Tabled papers for 10th Assembly 2005 - 2008; Tabled papers; ParliamentNT

Date

2007-02-22

Description

Deemed

Notes

Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.

Language

English

Subject

Tabled papers

File type

application/pdf

Use

Copyright

Copyright owner

See publication

License

https://www.legislation.gov.au/Series/C1968A00063

Parent handle

https://hdl.handle.net/10070/283640

Citation address

https://hdl.handle.net/10070/410715

Page content

In the year ending 30 June 2005, MAC recorded an operating surplus of $26.4M. There was no premium increase as a result of the annual reviews, investment returns and controlled claims management assisted the positive result. In the year ending 30 June 2006, MAC again made an operating surplus of $32.1 M. Again, there was no premium increase as a result of the annual reviews, investment returns and controlled claims management assisted the positive result As with all schemes throughout Australia, MAC will continue to focus on the financial security and long term viability of the MAC Business and build upon the successes in the last few years (as shown below). 3.3 MAC Business Performance The following graph shows the Gross Written Premium for MAC over the last few years: Statement of Corporate Intent - MAC 21


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