Questions remain over transfer of the Motor Accident Commission
In December 2018, the Society wrote to the Treasurer in relation to the transfer of the South Australian Motor Accident Commission (MAC) to Berkshire Hathaway, a company owned by Warren Buffet. The Society sought a number of particulars and further information from the State Government with respect to the transfer of the assets and liabilities of the MAC and whether the transfer was in the best economic interests of the State. The Society voiced its concerns regarding the transfer of the “back book” of Compulsory Third Party (CTP) vehicle insurance claims that remained with the MAC under the old CTP scheme. The Society questioned whether the transfer arrangements protected the entitlements of claimants and placed an onus on Berkshire Hathaway to behave in accordance with model litigant principles, as is required by the MAC. The Society will be closely monitoring the transfer.