The Motor Vehicle Insurance and Repair Industry (MVIRI) Code Administration Committee (CAC) says it has received legal advice regarding options for incorporation as a formal legal entity and is considering its next steps.
The advice follows Recommendation 9 of Dr Michael Schaper’s review, which said the CAC should adopt an association, company or other corporate structure.
“[Dr Schaper] identified that under its present informal structure, the code may lack credibility among industry players and government bodies,” said Stephen Jenkins, MVIRI CAC Chair.
“The advice received by the CAC is a critical input to the CAC’s considerations on how it can enhance its independence and improve the overall governance of the code.
“The legal advice received is also of assistance in guiding instructions for the redrafting of the code. The CAC is also currently in the process of obtaining proposals as to the drafting of the revised code.
“Once a revised draft of the code is received, the CAC will engage and consult with the insurance and repair industry and other stakeholders.”
Reflecting on the CAC’s work in implementing the recommendations of the review of the code, Jenkins expressed cautious optimism on the progress made to date.
“As a committee, we have set ourselves a goal to receive a revised draft of the code by the middle of 2024.”
“I would like to thank all committee members for their hard work, but more importantly, the industry for their patience to date.”