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Motor Accidents Insurance Board
The Motor Accidents Insurance Board was created by the Tasmanian Parliament in 1974 through the Motor Accidents (Liabilities and Compensation) Act.
Motor Accidents Insurance Board
The Motor Accidents Insurance Board was created by the Tasmanian Parliament in 1974 through the Motor Accidents (Liabilities and Compensation) Act. It is a state-owned Government Business Enterprise that administers Tasmania's no-fault compulsory third-party motor accident scheme. The scheme levies premiums on every registered vehicle in the state and, in return, pays medical, rehabilitation, and income benefits to people injured in motor accidents regardless of fault. On the deployment side, MAIB operates a multi-asset-class portfolio built from the scheme's premium float and reserves. The investment book spans Australian unlisted property trusts — including the head office at 33 George Street, Launceston — purpose-built care facilities in Hobart, Launceston, and Ulverstone, and a global infrastructure portfolio. The property holdings serve a dual function: they generate returns and provide supported accommodation for seriously injured claimants, managed under contract by Anglicare Tasmania. Beyond real assets, the Board funds road-safety partnerships, committing roughly $4.2 million to $7.5 million annually to the Road Safety Advisory Council, Tasmania Police, and the State Emergency Service. The Board's team size and total assets under management are not publicly disclosed. Its operational footprint sits entirely within Tasmania, though the infrastructure allocation reaches global markets. Adjacent to the insurance enterprise, the MAIB Injury Prevention and Management Foundation acts as its philanthropic arm — most recently committing $120,000 in 2025 to equip two State Emergency Service units in Tasmania's north-east with heavy road-crash rescue vehicles. May 2025: MAIB funded the Disability Achievement Award at the Tasmanian Community Achievement Awards, recognizing advocate Jane Wardlaw. MAIB's structural design separates it from most Australian insurers: it is neither a listed company nor a mutual. It answers to the Tasmanian Parliament and channels every premium dollar into claims, road safety, and long-term investment — charging the lowest CTP premium in the country. That statutory monopoly, combined with a no-fault benefit model and an in-house care-property portfolio, creates a closed-loop system where investment returns feed directly into claimant support and injury-prevention grants.
General information
Firm type
Insurance
Year founded
1974
AUM
Undisclosed
Location
Region
Oceania
Country
Australia
City
Launceston
Corporate office
Level 1, 33 George Street, Launceston, Tasmania 7250, Australia
Additional offices
Hobart, Tasmania, Australia · Ulverstone, Tasmania, Australia
Principals
Tasmanian Government
Founder and sole owner
Sector focus
Frequently asked questions
Who sets the investment strategy for the Motor Accidents Insurance Board?
The Board operates as a Tasmanian Government Business Enterprise. Investment decisions are made under a board appointed by the state government, though the names of individual board members and investment staff are not publicly listed on the firm's website. The portfolio spans domestic unlisted property trusts, purpose-built care facilities, and global infrastructure, all held against the scheme's long-term injury liabilities.
How does MAIB's compulsory third-party scheme differ from other Australian states?
Tasmania's scheme is a no-fault model: it pays medical, rehabilitation, and income benefits to anyone injured in a motor accident regardless of who caused the crash. It also charges the lowest CTP premium of any Australian jurisdiction. Common-law damages remain accessible when another driver is negligent. That design separates Tasmania from fault-based schemes where benefits depend on establishing blame.
Does MAIB invest outside Tasmania?
Yes. While the head office and three care facilities are located in Tasmania, the investment portfolio includes Australian unlisted property trusts and a global infrastructure allocation. The scheme's premium base is entirely Tasmanian, but the asset mix reaches international markets.
How are MAIB's property assets used for claimant care?
MAIB owns purpose-built accommodation in Hobart, Launceston, and Ulverstone for seriously injured claimants who need long-term support. The facilities include independent living units that allow residents to transition toward self-sufficiency before returning home. Anglicare Tasmania manages the day-to-day operations of the care facilities under an outsourced contract.
What role does the MAIB Injury Prevention and Management Foundation play?
The Foundation is MAIB's philanthropic vehicle, using a portion of the scheme's resources to fund road-safety and injury-prevention grants. Recent commitments include $120,000 in 2025 to supply heavy road-crash rescue vehicles to State Emergency Service units in north-east Tasmania, alongside ongoing support for late-night transport services and community safety programs.
Does MAIB operate any vehicles or programs beyond insurance and claims?
MAIB directly sponsors several community safety initiatives. Those include the MAIB Nightrider late-night bus service, funding for Tasmania Police road-safety enforcement, and scholarships. It also backs the Salvation Army Street Teams that assist young people in nightlife precincts. These programs are paid for out of the same premium pool that funds claims and investments.
What type of investment vehicle is MAIB — is it a family office, sovereign fund, or standard insurer?
It is a state-owned Government Business Enterprise, not a private insurer or family office. The Tasmanian Parliament created it by statute, and it holds a monopoly on compulsory third-party motor insurance in the state. Its dual mandate is to pay no-fault injury claims while investing reserves to keep premiums low and the scheme solvent.
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