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 Section Page 2 About the MAC Scheme The MAC Scheme provides benefits to those injured in motor vehicle accidents in the Northern Territory. It provides a wide range of benefits to compensate for the necessary and reasonable costs of medical, rehabilitation and associated treatment and loss of earning capacity. These benefits are provided on a no-fault basis to any person injured or the families of those killed in a motor vehicle accident occurring in the Northern Territory. Benefits are defined in the Motor Accidents (Compensation) Act. The Scheme also covers the liability of drivers of Northern Territory registered vehicles in interstate accidents, giving rise to a small portfolio of claims on a common law basis if the interstate jurisdiction is a common law scheme. The Schemes focus is on returning people injured in a motor accident to health and to work to the fullest extent possible and to improve health outcomes in urban, remote and Indigenous communities. Reductions in benefits may be applied in cases of irresponsible road user behaviour, such as not wearing a seatbelt or helmet, or driving an unregistered vehicle or driving under the influence of alcohol. The MAC Scheme is funded through compulsory compensation contributions paid when registering vehicles in the Northern Territory. The premium is indexed to the Darwin Consumer Price Index annually on 1 July. There is a legislated requirement for an actuarial review every three years, or more frequently at the discretion of the Minister, to ensure that the Scheme remains financially viable, even where there are unanticipated adverse developments in claims costs. In order to ascertain the amount of reserves that need to be set aside to meet the cost of existing claims in the future, the MAC Scheme and its claims liabilities are reviewed by the Scheme actuary twice a year.


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