Australian Capital Territory Consolidated Acts

ROAD TRANSPORT (THIRD-PARTY INSURANCE) ACT 2008 - SECT 5A

The main objects of this Act are—

        (a)     to continue and improve the system of compulsory third-party insurance, and the scheme of statutory insurance for uninsured and unidentified vehicles, operating in the ACT; and

        (b)     to promote competition in setting premiums for compulsory third-party insurance policies; and

        (c)     to keep the costs of insurance at an affordable level; and

        (d)     to provide for the licensing and supervision of insurers providing insurance under policies of compulsory third-party insurance; and

        (e)     to encourage the speedy resolution of personal injury claims resulting from motor accidents; and

        (f)     to promote and encourage, as far as practicable, the rehabilitation of people who sustain personal injury because of motor accidents; and

        (g)     to establish and keep a register of motor accident claims to help the administration of the statutory insurance scheme and the detection of fraud; and

        (h)     to promote measures directed at eliminating or reducing causes of motor accidents and mitigating their results.