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Legislative Assembly for the ACT: 2001 Week 5 Hansard (3 May) . . Page.. 1512 ..

[3.67] Section 212 (1)-

Omit the subsection, substitute the following subsection:

(1) The regulations may require an authorised insurer to provide returns to the road transport authority about-

(a) premiums received for insurance under third-party policies; and

(b) claims paid in relation to third-party policies; and

(c) the persons insured under third-party policies; and

(d) any other matters relevant to third-party policies or this part.

[3.68] Division 10.12-

Omit the division, substitute the following division:

Division 10.12 Additional insurance for public vehicles

217 Public vehicle insurance compulsory (MTA s 83 (1), (3))

The owner of a public vehicle must, at all times, maintain for the vehicle a public vehicle policy for at least $5 000 000.

Maximum penalty: 50 penalty units.

Note  The Territory, the Commonwealth or a Territory or Commonwealth authority is not required to hold a public vehicle policy (see s 161 (1)).

218 Public vehicle policies

(MTA s 83 (1), (1A))

(1) A public vehicle policy is a policy-

(a) that is issued (or renewed) by a corporation authorised under the Insurance Act 1973 (Cwlth); and

(b) that insures the owner of the public vehicle to which the policy applies against liability in relation to damage to property caused by, or arising out of the use of, the vehicle anywhere in Australia (whether or not on a road or road related area).

(2) It is irrelevant that the policy also insures the owner against other risks.

[3.69] Section 223 (3) and (4)-

Omit the subsections.

[3.70] Section 223 (5) and (6)-

Renumber as section 223 (3) and (4).

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