Northern Territory Consolidated Acts

TERRITORY INSURANCE OFFICE ACT

TABLE OF PROVISIONS

           Long Title

           Part I Preliminary
   1.      Short title
   2.      Commencement
   3.      Interpretation
           Part II The Territory Insurance Corporation
   4.      Establishment of the Office
   5.      Functions of Office
   6.      Powers of the Office
   7.      Directions of Minister
   8.      Sound insurance principles to be followed
   8A.     Statements of corporate intent - timetable and procedure
   8B.     Statements of corporate intent - contents
   8C.     Statements of corporate intent - reports
           Part III The Board
   9.      Office to be controlled by the Board
   10.     Composition of Board
   11.     Period of appointment
   12.     Chairman
   13.     Fees and expenses
   14.     Resignation of members
   15.     Dismissal of members
   16.     Acting appointments
   17.     Declaration of interest
   17A.    General duty to make disclosure
   17B.    Register of members interests, &c.
   17C.    Loans to members
   18.     Meetings of Board
   19.     Chief Executive Officer
   19A.    Acting Chief Executive Officer
   19B.    Other staff
   20.     Retention of public service rights
   21.     Consultants and advice
           Part IV Finance of the Office
   22.     Moneys of Office
   22A.    Moneys are property of Territory
   22B.    Motor Accidents (Compensation) Fund
   22C.    Application of Fund
   22D.    Fund not trust fund
   22E.    Conflict of interests policy statement
   23.     Application of moneys
   24.     ADI accounts
   25.     Proper accounts to be kept
   25A.    Reimbursement of MAC expenses
   26.     Payment of surplus moneys to Territory
   27.     Audit and annual report
   28.     Office to pay taxes
   28A.    Application of Corporations Act 2001
           Part V Miscellaneous
   29.     Re-insurance, &c.
   30.     Guarantee by Territory
   30A.    Fee for guarantee
   31.     Office may act as agent
   32.     Terms of contract and execution of documents
   33.     Provision of information and records to Minister
   33A.    Treasurer's Determinations
   33B.    Prudential supervision fee
   34.     Regulations
           Part VI Repeals and Transitional matters for Territory Insurance Office Amendment Act 2005
   35.     Repeal of Regulations
   36.     Application - fees for guarantee and prudential supervision
           Part VII Transitional matters for Territory Insurance Office Amendment Act 2006
   37.     Application of amendments
   38.     Period for preparation of documents
           ENDNOTES