The MAIB (a Government Business Enterprise) provides a compulsory third party scheme of no-fault and common law benefits to persons injured as a result of motor accidents in Tasmania.
The Tasmanian Economic Regulator provides independent pricing oversight of the MAIB’s pricing policies. It conducts an investigation every four years to make recommendations on the maximum premiums to be charged by the MAIB. The final decision on premiums rests with the Tasmanian Government and is set out in a pricing Order tabled in Parliament.Terms of Reference for each investigation are jointly set by the Minister and Portfolio Minister. The Regulator conducts investigations in accordance with Part 3 of the Economic Regulator Act.