Section 2.23 — Motor Accident Injuries Act 2017 (NSW)

Insurers to disclose profit margins

(cf s 28 MACA)
(1) A licensed insurer is required to disclose to the Authority the profit margin on which a premium is based and the actuarial basis for calculating that profit margin.
(2) The Authority is to assess that profit margin, and the actuarial basis for its calculation, and to include a report on that assessment in its annual report.

Sourced from the New South Wales Legislation website at 9 June 2026. For the latest information on New South Wales Government legislation please go to https://www.legislation.nsw.gov.au. Verify the current text against the official source before relying on it.

Related sections

s 2.20 — Third-party premiums
s 2.21 — Filing of premiums
s 2.22 — Rejection of premiums by Authority
s 2.24 — Risk equalisation
s 2.25 — Adjustment of premiums and Fund levies in case of excess profits or excess losses
s 2.26 — Special provisions relating to taxis and hire vehicles and other vehicles

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