13 Oct 2016
The Transport Accident Commission today tabled its latest Annual Report in State Parliament.
In the 2015/16 financial year, the TAC accepted 21,933 new claims and paid out
a record $1.22 billion in benefits and support to help injured Victorians get their lives back on track.
The TAC also recorded its highest ever performance from insurance operations of $542 million, driven by strong financial management, accident prevention work and efficiency measures.
Despite the insurance operations performing strongly, volatility on the global financial markets and decreasing bond rates left the TAC with an overall operating loss of $933 million.
The Annual Report also details the TAC’s new strategy to lead the world in social insurance, with a focus on accident prevention and improved client outcomes.
Media queries only:
- Alex White, 0419 529 505 or alex_white@tac.vic.gov.au
- Nicolas McGay, 0439 790 766 or nicolas_mcgay@tac.vic.gov.au
- Devon McGillicuddy, 0466 029 169 or devon_mcgillicuddy@tac.vic.gov.au
Please refer any other enquiries to:
- Online form
- Tel: 1300 654 329
- Email: info@tac.vic.gov.au