The Motor Accident Insurance Commission (MAIC) is the regulatory authority responsible for the ongoing management of the Compulsory Third Party (CTP) scheme in Queensland.
Established under the Motor Accident Insurance Act 1994, MAIC commenced operations on 1 September 1994 as a statutory body. The Chief Executive of the Commission is the Insurance Commissioner who, in this capacity, is also the Nominal Defendant.
MAIC is funded by a statutory levy payable with the CTP insurance premium. Revenue from compliance fines and income earned on investment of the Motor Accident Insurance Fund are used to fund MAIC’s research initiatives.