SIMON Corbell says the NRMA-ACT Road Safety Trust will be dissolved and that the ACT Government is now exploring new funding models for key road safety initiatives.
Simon said the entry of additional compulsory third party insurers to the ACT market meant it was appropriate to terminate the current arrangement.
“The NRMA-ACT Road Safety Trust was based on an arrangement between the ACT Government and NRMA Insurance,” Simon said.
“It was funded by a combination of a $2 road safety contribution paid when an ACT vehicle was registered, which was matched by NRMA Insurance.
“While this arrangement was appropriate when the ACT had only one CTP insurer, it is not consistent with encouraging competition in the CTP market or the principle of ensuring a level playing field for all insurers in that market.
“Following consultation with the ACT’s CTP insurers it is agreed that the trust should come to an end and that new arrangements should be established instead.”
“I would also like acknowledge and thank NRMA Insurance for their valued partnership with the ACT Government, and their commitment to enhancing road safety for the ACT community over the past 22 years.”
Mr Corbell expressed his thanks to the current NRMA-ACT Road Safety Trust chair, Don Aitkin, for his service in that role for more than a decade. The trust has allocated more than $20 million to 400 road safety projects.
“The trust’s contribution to improving road safety in the ACT has been significant and highly valued by the ACT Government and community,” Mr Corbell said. “The NRMA-ACT Road Safety Trust has had a keen interest in vulnerable road users and earlier this year released a report into motorcyclists injured or killed over a ten-year period and identified measures that could lessen the road trauma of motorcyclists in the ACT.
“The government will look at potential road safety funding models to ensure valuable research like this and other road safety initiatives continue to be supported.”