24Functions of SIRA

#### 24 Functions of SIRA 24 Functions of SIRA > > (1) SIRA has such functions as are conferred or imposed on it by or under this or any other Act (including under the workers compensation and motor accidents legislation and the [Home Building Act 1989](/view/html/inforce/current/act-1989-147)). > > > (2) The functions of SIRA also include the following— > > > > > (a) to collect and analyse information on prudential matters in relation to insurers under the workers compensation and motor accidents legislation and the [Home Building Act 1989](/view/html/inforce/current/act-1989-147), > > > > > (b) to encourage and promote the carrying out of sound prudential practices by insurers under that legislation and the [Home Building Act 1989](/view/html/inforce/current/act-1989-147), > > > > > (c) to evaluate the effectiveness and carrying out of those practices. > > > (3) In this section, a reference to an insurer under the [Home Building Act 1989](/view/html/inforce/current/act-1989-147) includes a reference to the provider of an alternative indemnity product under that Act. > > **s 24:** Am 2017 No 28, Sch 2.6 \[1\] \[2\].