2016 Scheme Review

The Queensland Government is enhancing the State’s compulsory third party insurance scheme to improve affordability, efficiency and fairness for the community of Queensland.

In 2016, a committee appointed by MAIC reviewed the CTP scheme with a focus on scheme affordability and efficiency and to identify sustainable savings to assist with offsetting the cost to motorists of the new National Injury Insurance Scheme (Queensland).

Following extensive consultation with representative bodies, insurers, lawyers, researchers and motorists, the review committee concluded that there was not a need for major reform in Queensland however a number of opportunities for improvement in the scheme were identified.

Release of the Review of Queensland’s Compulsory Third Party Insurance Scheme December 2016

The committee’s Review of Queensland’s Compulsory Third Party Insurance Scheme December 2016 outlines 19 recommendations to maintain and/or improve scheme experience. MAIC worked closely with the committee during the course of the review and supports all 19 recommendations.

Of the recommendations seven support retaining existing scheme features and seven MAIC can progress immediately within its existing powers. The remaining five recommendations require further investigation.

The review was led by Mr Henry Smerdon AM, former Under Treasurer and current Chancellor of Griffith University. Joining Henry on the committee was Ms Jo Blades and Mr Rowan Ward.

The terms of reference for the Committee can be accessed here.

As part of the review, the Committee has sought community and industry feedback on a discussion paper which examines issues related to the underwriting model, scheme delivery, insurer profitability, scheme coverage, transparency of legal costs and the role of MAIC and the Nominal Defendant.

CTP Scheme Review Team

Submissions

The submissions below may not be all that we received. At our discretion, we may not publish certain submissions or part of submissions because of length, content, appropriateness or confidentiality.

The Review Committee also notes a number of submissions relating to the Department of Transport and Main Roads ‘Queensland’s Personalised Transport Horizon: Five Year Strategic Plan for Personalised Transport Services 2016-2021′ were already under consideration by Government at the time of the review, and were not considered again in the CTP Scheme Review. All submissions received by the Review Committee relating to this issue have been forwarded to MAIC for consideration during this process.

For further information, please call MAIC on 1300 302 568 or via email at maic@maic.qld.gov.au

File name Date File Type Link
Allianz Australia Insurance Limited
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Andrew Doughman
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Australian Lawyers Alliance
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CARRSQ
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Faculty of Health, Queensland University of Technology
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Griffith Law School
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Insurance Council of Australia
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Jason Steele, John Steele, Louise Steele
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Motor Trades Association Queensland
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QBE
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Queensland Law Society
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RACQ
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RECOVER Injury Research Centre
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Suncorp Group
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Taxi Council Queensland
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Last modified 24 April 2017