Motor Accidents Insurance Board - Pricing Policies Investigation
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Motor Accidents Insurance Board's Preliminary Submission
MAIB lodged its preliminary submission on 21 February 2025:
MAIB Preliminary Submission to the 2025 MAIB Pricing Policies investigation (PDF 34Mb)
The Regulator invites submissions on matters raised in the MAIB's Preliminary Submission and in the Terms of Reference. Consultation will end on the 31 March 2025.
Request and Terms of Reference
On 6 December 2024, the Treasurer requested that the Regulator investigate the pricing policies of MAIB. The requirement to investigate included the following:
Ministerial requirement (PDF 57Kb)
Terms of Reference (PDF 410Kb)
The Regulator intends to take a similar approach to that used in previous investigations. This includes analysing MAIB's submission, engaging the services of an actuarial consultant to assist with the investigation, releasing a draft report for comment and then a final report having considered submissions received from interested parties on the Regulator's draft report.
Investigation timetable
Description
| Dates
|
Requirement and Terms of Reference received from the Treasurer and the Minister for Transport
| 6 December 2024
|
MAIB lodges its Preliminary Submission
| 21 February 2025
|
Consultation on the MAIB's Preliminary Submission and the Terms of Reference
| 24 February 2025 - 31 March 2025
|
Regulator's Draft Report and actuarial consultant's report released for consultation
| May 2025
|
Regulator releases its Final Report
| July 2025
|