Compulsory Third Party Insurance Regulation Bill

Final Stages

The Legislative Council agreed to the bill with the amendment indicated by the following schedule, to which amendment the Legislative Council desires the concurrence of the House of Assembly:

No. 1. Clause 5, page 5, line 36 to page 6, line 3 [clause 5(3)]—Delete subclause (3) and substitute:

(3) In determining premium amounts, the Regulator—

(a) may not fix differential premiums except on the basis of 1 or more of the following:

(i) vehicle type;

(ii) vehicle use;

(iii) garaging location;

(iv) entitlement under the GST law to an input tax credit in respect of compulsory third party insurance premiums; and

(b) must be satisfied that the premiums are fair and reasonable to the registered owners of the motor vehicles.

Consideration in committee of the Legislative Council's message.

The Hon. A. KOUTSANTONIS: I move:

That the Legislative Council's amendment be agreed to.

Motion carried.