145Functions and powers of Committee

145 Functions and powers of Committee (1) The functions of the Committee are to: (a) monitor the viability and performance of the workers compensation scheme; (aa) monitor premium rates offered for workers compensation in the Territory; (b) receive submissions from persons relating to premium rates charged for workers compensation insurance policies in the Territory or elsewhere; (c) monitor and publish data on overall underwriting results; and (d) advise the Minister on the basis of its consideration of information obtained by it. (1A) It is also a function of the Committee to consider and report on the effectiveness of the premiums offered by insurers: (a) in encouraging employers to develop and maintain safe working practices; and (b) in penalizing employers which do not ensure the maintenance of safe working practices. (2) The Committee has such powers as are necessary to enable it to carry out its functions or as are conferred on it by or under this or any other Act.