South Australian Consolidated Acts

MOTOR ACCIDENT COMMISSION ACT 1992 - SECT 3

3—Interpretation

In this Act, unless the contrary intention appears—

"board" means the board of directors of the Commission;

"Commission" means the Motor Accident Commission;

"Compulsory Third Party Fund" means the Compulsory Third Party Fund established under Part 4;

"compulsory third party insurance business" means business relating to insurance required under Part 4 of the Motor Vehicles Act 1959 ;

"director" means a member of the board;

"insurance business" includes—

            (a)         assurance, additional insurance, coinsurance, or reinsurance; and

            (b)         the granting, issuing or entering into of guarantees, sureties or contracts of indemnity; and

            (c)         any other activity or transaction—

                  (i)         of a kind generally regarded by the insurance industry as constituting or forming part of insurance or insurance business; or

                  (ii)         of a kind prescribed by regulation.

Note—

For definition of divisional penalties (and divisional expiation fees) see Appendix.