Queensland Consolidated Acts

MOTOR ACCIDENT INSURANCE ACT 1994 - SECT 3

The objects of this Act are--

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

(b) to establish a basis for assessing the affordability of CTP insurance and to keep the costs of CTP insurance at a level the average motorist can afford; and

(c) to promote competition in the setting of premiums for CTP insurance; and

(d) to provide for the licensing and supervision of insurers providing CTP insurance under CTP insurance policies; and

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

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

(g) to establish and keep a register of motor vehicle 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 vehicle accidents and mitigating their results.