New South Wales Consolidated Acts New South Wales Consolidated Acts(cf s 93 MAA)
(1) There is established a fund, to be known as the Motor Accidents Authority Fund, belonging to and vested in the Authority.
(2) The following is to be paid into the Fund:(a) money contributed under this Part by persons to whom third-party policies are issued,(b) the interest from time to time accruing from the investment of the Fund,(c) money required to be paid into the Fund by or under this or any other Act,(d) all other money received by the Authority and not otherwise appropriated.
(3) The following is to be paid from the Fund:(a) the remuneration, allowances, office accommodation and other associated costs of the General Manager of the Authority, the part-time directors of the Board of Directors of the Authority and staff of the Authority,(b) the remuneration, allowances and other associated costs of members of the Motor Accidents Council,(c) expenditure incurred by the Authority in the provision of services under Part 3.4 (Medical assessment) and Part 4.4 (Claims assessment and resolution),(c1) expenditure incurred by the Authority pursuant to any bulk billing arrangement under section 54,(c2) expenditure incurred by the Authority pursuant to any arrangements under section 215A (Payment of workers compensation indemnity on behalf of insurers),(d) all payments required to meet expenditure incurred in relation to the functions of the Authority or the Motor Accidents Council, where money is not otherwise provided for that purpose,(e) all other money required by or under this or any other Act to be paid from the Fund.
(4) The Authority may invest money in the Fund which is not immediately required for the purposes of the Fund:(a) in such manner as may be authorised by the Public Authorities (Financial Arrangements) Act 1987 , or(b) if that Act does not confer power on the Authority to invest money in the Fund-in any other manner approved by the Minister with the concurrence of the Treasurer.