NSW State Insurance Regulatory Authority (SIRA)'s Contributions to the NRSPP & Points of Contact
- Funding Partners
- David AndrewsSenior Advisor Research and Grants
The State Insurance Regulatory Authority (SIRA) is the NSW government organisation responsible for the regulatory functions in relation to workers compensation insurance, motor accidents compulsory third party (CTP) insurance and home building compensation. SIRA focusses on ensuring key public policy outcomes are achieved in relation to service delivery to injured people, affordability, and the effective management and sustainability of these insurance schemes. SIRA regulates the NSW motor accidents insurance scheme, a privately underwritten compulsory third party personal injury insurance scheme. It monitors insurer performance, supports injury prevention and road safety initiatives and provides an independent dispute resolution service.
SIRA adopts a partnership approach to meet its legislative mandate to provide funding for injury prevention, injury minimisation and road safety education. These are funded by the regulator, through a levy on policies. This partnership involves close collaboration with Transport for NSW’s Centre for Road Safety and SafeWorkNSW as well as other stakeholders with an interest in road safety and injury prevention. SIRA’s strategic approach uses the available evidence to deliver initiatives targeting the greatest risks to the CTP Scheme.