Territory Stories

Annual Report 2015 Motor Accidents (Compensation) Commission (MACC)

Details:

Title

Annual Report 2015 Motor Accidents (Compensation) Commission (MACC)

Other title

Tabled paper 1556

Collection

Tabled Papers for 12th Assembly 2012 - 2016; Tabled Papers; ParliamentNT

Date

2015-11-19

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/Details/C2019C01622

Parent handle

https://hdl.handle.net/10070/273151

Citation address

https://hdl.handle.net/10070/799706

Page content

Northern Territory Motor Accidents (Compensation) Commission Annual Report 2015 Page 1 Motor Accidents Compensation Commission Motor Accidents (Compensation) Commission (MACC) The Motor Accidents (Compensation) Commission commenced operations on 1 January 2015. It is a Government-owned entity with the Commissioner appointed by the Treasurer. The key functions of MACC are to: Administer the MAC Scheme in accordance with the Motor Accidents (Compensation) Act on behalf of the Northern Territory Government Manage the Fund Promote road safety The Northern Territory Motor Accidents (Compensation) (MAC) Scheme is owned by the Northern Territory Government. Prior to January 2015, the Scheme was administered by the Territory Insurance Office (TIO), also then a NT Government owned entity. As permitted by legislation, MACC has entered into a MAC Management Agreement with Allianz Australia Insurance Limited for claims and fund administration, which continue to be provided by TIO, now a division of Allianz. The MAC Management Agreement sets out the framework for the administration of the MAC Scheme and Fund. The MAC Commissioner From 1 July 2015, Jim Colvin was appointed by the Treasurer as the MAC Commissioner for a period of three years. The Commissioner is responsible for administering the MAC Scheme in accordance with the Motor Accidents (Compensation) Act, to manage the MAC Fund and promote road safety. Jim Colvin Jim was previously employed by the Northern Territory Government (Departments of Treasury and Finance and Chief Minister) in senior policy and financial advisory roles. He has subsequently been engaged as a consultant to assist with a wide range of projects, including the sale of TIOs insurance and banking businesses. Prior to his appointment as MAC Commissioner, Jim was a Senior Economist with the Organisation for Economic Cooperation and Development in Paris, France. He has extensive experience in monopoly regulation, corporate governance for government owned businesses and industry restructuring.He continues to consult to the World Bank and the International Monetary Fund on these matters.


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