Motor Accident Commission

1463 The Hon. S.C. MULLIGHAN (Lee) (25 September 2019). What are the total transition costs for the dissolution of the Motor Accident Commission?

The Hon. S.S. MARSHALL (Dunstan—Premier): I have been advised:

In December 2018, the state and Berkshire Hathaway's subsidiary national indemnity company (NICO) executed a deed of reinsurance and agency, operational deed and transitional services agreement which give effect to the transfer of MAC's back book to NICO.

From 1 July 2019 the South Australia Police and the Department of Planning, Transport and Infrastructure will be responsible for road safety activities.

From 1 July 2019 the management of MAC's residual functions has been transferred to the South Australian Government Financing Authority.

MAC's ongoing costs over the financial years 2019-20 to 2022-23 have been estimated at $2.607 million covering contract governance and ongoing actuarial and financial reporting obligations.