38ALifetime Care and Support Authority to disclose information to Authority (section 10.15(2) and (3))

38A Lifetime Care and Support Authority to disclose information to Authority (section 10.15(2) and (3))

38A Lifetime Care and Support Authority to disclose information to Authority (section 10.15(2) and (3))

(1) The Lifetime Care and Support Authority must disclose to the Authority on request information relating to payments of statutory benefits for treatment and care that the Lifetime Care and Support Authority is required to make as the relevant insurer under the Act, section 3.2(3).

(2) The information that may be requested under subclause (1) includes, but is not limited to—

(a) the total amount of payments of statutory benefits for treatment and care that the Lifetime Care and Support Authority estimates it will be required to make as the relevant insurer under the Act, section 3.2(3) for one or more specified future relevant periods, and

(b) the total amount of payments of statutory benefits for treatment and care that the Lifetime Care and Support Authority was required to make as the relevant insurer under the Act, section 3.2(3) for the current relevant period or one or more specified previous relevant periods, and

(c) the actual administrative and operational costs incurred by the Lifetime Care and Support Authority for one or more specified previous relevant periods, to the extent that those costs relate to the administration of the Act as the relevant insurer under the Act, section 3.2(3), and

(d) the administrative and operational costs that the Lifetime Care and Support Authority estimates it will incur for one or more specified future relevant periods, to the extent that those costs relate to the administration of the Act as the relevant insurer under the Act, section 3.2(3).

(3) The information must be disclosed within—

(a) a reasonable period specified by the Authority, or

(b) another period agreed by the Authority and the Lifetime Care and Support Authority.

(4) The Lifetime Care and Support Authority must, as soon as practicable after becoming aware of a matter that is likely to have a material financial impact on the motor accidents scheme under the Act, disclose to the Authority the following information relating to the matter—

(a) a description of the matter,

(b) an explanation of the reasons the matter has occurred,