MOTOR ACCIDENT INJURIES ACT 2019 - SECT 394C Notice of proposed financial penalty

MOTOR ACCIDENT INJURIES ACT 2019 - SECT 394C

    (1)     The MAI commission may propose to impose a financial penalty on the insurer if the commission is satisfied that—

        (a)     a ground for financial penalty exists in relation to the insurer; and

        (b)     the imposition of the financial penalty is in the public interest.

    (2)     The MAI commission must give the insurer a written notice about the proposed financial penalty (a show cause notice ) stating—

        (a)     the grounds on which the commission is proposing to impose a financial penalty; and

        (b)     whether the proposed financial penalty is for a minor or serious contravention; and

        (c)     the amount of the proposed financial penalty; and

        (d)     that the insurer may give the commission a written submission about the proposed financial penalty not later than—

              (i)     for a minor contravention—15 business days after the day the insurer is given the notice; or

              (ii)     for a serious contravention—20 business days after the day the insurer is given the notice; or

              (iii)     if the commission agrees to a longer period—the agreed period.