The MAIB administers the funding and payment of Tasmania's compulsory third party (CTP) motor accident insurance scheme.
Established in 1974 under the Motor Accidents (Liabilities and Compensation) Act 1973 (the Act), the Motor Accidents Insurance Board (MAIB) is a Tasmanian Government Enterprise (GBE). The purpose of the MAIB is to administer the funding and payment of Tasmania’s compulsory third party (CTP) motor accident insurance scheme. The scheme provides medical and income benefits on a no fault basis to people injured as a result of a motor accident while enabling access to common law.
All States and territories within Australia have CTP schemes which are funded through the application of compulsory premiums on all registered motor vehicles. The MAIB charges the lowest premium in Australia.
To be highly regarded nationally in the provision of competitively priced, quality, service-driven personal injury motor accident Insurance.
To provide a commercially viable, cost competitive, high quality, personal injury insurance scheme which offers fair and equitable compensation for people injured in a motor accident.
In seeking to achieve the vision and mission, the values of the MAIB are:
The registered office of MAIB is Level 1, 33 George Street, Launceston, Tasmania 7250, Australia.
The activities of MAIB are governed by a Board of Directors appointed by the Tasmanian Government (the “Shareholder”). The Shareholder is represented by two Ministers, the Treasurer and the Minister for Infrastructure. Find out more about the MAIB’s Board here.
The Board is empowered to govern by the MAIB Act and by the Government Business Enterprises Act 1995. The Board and the Shareholder have agreed a Statement of Corporate Intent which sets out the MAIB’s corporate direction and objectives.
Further information on the MAIB can be found in our Annual Reports.
MAIB’s Injury Prevention & Management Foundation each year funds projects to reduce the number and severity of motor accidents. The IPMF was established under the Act in 1993 with the objective of promoting measures to reduce the number and severity of motor accidents.
To achieve this objective, the MAIB may conduct or participate in, and/or provide financial support to people and organisations through sponsorships of appropriate projects. The IPMF is funded by setting aside up to one percent of gross annual premiums.
The IPMF Charities Committee was established in January 2002 and supports a number of Tasmanian not-for-profit charities. The MAIB’s sponsorship of charities assists Tasmanians living with brain injuries as well as road trauma support services.
MAIB also funds the:
If your vehicle is registered, a MAIB third party insurance premium is compulsorily paid each year as part of your vehicle registration renewal fee. Your registration renewal form details the MAIB premium to be paid.
If your vehicle is not registered (off-road and recreational vehicles) you can arrange to pay a MAIB premium through your local Service Tasmania shop. Click here to find out more about why you should insure your off-road or recreational vehicle.
MAIB premiums are payable to the Registrar of Motor Vehicles, and may be paid annually or six monthly at any Service Tasmania shop. Further details are available from Transport on 1300 135 513, or on the Transport website. Motor vehicle owners must ensure their vehicle has an MAIB premium to qualify for benefits.
Want to know if your vehicle registration and MAIB cover is current? You can access this information in the Online Services section of the Transport website.
The MAIB collects information primarily to determine entitlement under the Motor Accidents (Liabilities and Compensation) Act 1973 and accompanying regulations to common law damages and/or no fault benefits and where applicable providing benefits under the Act and regulations.
The collection of personal information and health information is limited to information that is necessary and relevant to the determination of your entitlement to benefits or common law damages, and to the provision of benefits.
Information, which is not of a personal nature, such as annual reports and policies, are also generated by MAIB as a result of running its business. In accordance with the Tasmanian Government’s principles of transparency and accountability throughout government, MAIB willingly provides access to information, wherever it is in the public interest to do so.