STATE INSURANCE AND CARE GOVERNANCE ACT 2015 - As at 24 October 2023 - Act 19 of 2015

Table of Provisions

• Long Title

PART 1 - PRELIMINARY

• 1 Name of Act
• 2 Commencement
• 3 Definitions

PART 2 - INSURANCE AND CARE NSW

Division 1 - Constitution and management of ICNSW

• 4 Constitution of Insurance and Care NSW
• 5 Board of directors of ICNSW
• 6 Role of ICNSW Board
• 7 Power of Minister to give directions in public interest
• 8 Chief executive of ICNSW
• 9 Committees of ICNSW Board

Division 2 - Objectives and functions of ICNSW

• 9A Principal objectives of ICNSW
• 10 Functions of ICNSW
• 11 ICNSW to prepare annual statement of business intent
• 12 Investment strategies for scheme funds
• 12A Power of Treasurer to give directions to provide information
• 13 Delegation of ICNSW's functions

Division 3 - Staff of ICNSW

• 14 Employment of staff
• 15 Salary, conditions etc of staff
• 16 ICNSW senior executives

Division 4 - Investment management of scheme funds

• 16A Definitions
• 16B Investment managers for scheme funds
• 16C Prudential standards or reporting and auditing requirements

PART 3 - STATE INSURANCE REGULATORY AUTHORITY

Division 1 - Constitution and management of SIRA

• 17 Constitution of State Insurance Regulatory Authority
• 18 SIRA Board
• 19 Chief executive of SIRA
• 20 Ministerial directions
• 21 Staff of SIRA
• 22 Committees of SIRA Board

Division 2 - Objectives and functions of SIRA

• 23 Principal objectives of SIRA
• 24 Functions of SIRA
• 25 Investigation and report by IPART
• 26 Delegation

Division 3 - Functions concerning certain service providers

• 26A Definitions
• 26B Relationship of Division with other law
• 26C Direction to provide data to SIRA
• 26D Directions concerning relevant services by relevant service providers
• 26E Guidelines for provision of relevant services by relevant service providers
• 26F Review of directions by NCAT
• 26G Register of directed service providers

PART 4 - MISCELLANEOUS

• 27 Supervision of operation of insurance and compensation schemes by Parliamentary Committee
• 28 Exclusion of personal liability
• 29 Seal of authorities and recovery of money by authorities
• 29A Nature of proceedings for offences
• 29B Penalty notices
• 30 Regulations
31. (Repealed)
• 32 Review of Act
• SCHEDULE 1
• SCHEDULE 2
• SCHEDULE 3
• SCHEDULE 4
Schedule 15 (Repealed)