Motor Accidents Act 1988 Regulation relating to the application of the Transport Accidents Compensation Fund for the payment of money to the Consolidated Fund (1993-488) [GG No 104 of 24.9.1993] (NSW)
1993—No. 488
MOTOR ACCIDENTS ACT 1988—REGULATION
(Relating to the application of the Transport Accidents Compensation Fund
for the payment of money to the Consolidated Fund)
NEW SOUTH WALES
[Published in Gazette No. 104 of 24 September 1993]
HIS Excellency the Governor, with the advice of the Executive Council, and in pursuance of the Motor Accidents Act 1988, has been pleased to make the Regulation set forth hereunder.
J. P. HANNAFORD, M.L.C.,
Attorney General.
The Motor Accidents Regulation 1989 is amended by inserting after
clause 10 the following clause:
Payment of amounts to the Consolidated Fund out of the TAC
Fund
11. (1) This clause applies to any short-fall levy paid under section 148 of the Act in relation to an application made for the registration or renewal of registration of a motor vehicle, where the registration or renewal of registration is to take effect on or after 1 November 1993.
(2) For the purposes of section 141 (2) of the Act, an amount equal to $3 for every $43 that is received by the Roads and Traffic Authority from the payment of short-fall levies is to be paid into the Consolidated Fund.
EXPLANATORY NOTE
The short-fall levy payable in respect of the registration of certain vehicles is being increased to $43 per year (where paid annually) or $11 per quarter (where paid quarterly) by means of an order under section 150 of the Motor Accidents Act 1988. That levy is applied towards the determination of certain claims arising from
1993—No. 488
The object of this Regulation is to provide for the increase to be paid into the Consolidated Fund, with the intention of its being appropriated to the Minister for Justice to be applied towards the administrative costs of the courts in dealing with these claims.
This Regulation is made under the Motor Accidents Act 1988, including section
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