Section 213 — Injury Prevention, Rehabilitation, and Compensation Act 2001: Application and source of funds

213 Application and source of funds (1) The purpose of the Motor Vehicle Account is to finance entitlements provided under this Act in respect of motor vehicle injuries. (2) The funds for the Motor Vehicle Account are to be derived from— (a) levies to be paid by every registered owner of a motor vehicle; and (b) levies to be paid by every person who holds a trade licence issued under section 34(1) of the Transport (Vehicle and Driver Registration and Licensing) Act 1986 ; and (c) a levy to be paid in accordance with section 214(4) ; and (d) the prescribed Motor Vehicle Account Residual levy; and (e) premiums payable under Part 11 that relate to motor vehicle injuries. (3) The levy payable under subsection (2)(c) is payable— (a) on any fuel (or any category of fuel) specified in Schedule 3 of the Customs and Excise Act 1996 that is prescribed by regulations made under this Act; or (b) in the absence of regulations for the time being in force for the purpose of paragraph (a) , on any motor spirit in respect of which excise duty or excise-equivalent duty is for the time being payable under the Customs and Excise Act 1996 . (4) [Repealed] (5) The funds in the Motor Vehicle Account must be applied to meet the costs of— (a) entitlements in respect of persons who have cover for personal injury that is a motor vehicle injury; and (b) entitlements that are required to be provided in accordance with Part 11 in respect of persons whose entitlements would have been provided from the Motor Vehicle Account under the Accident Insurance Act 1998; and (c) administering the Account; and (d) any other expenditure authorised by this Act. (6) The purpose of the Motor Vehicle Account Residual levy under subsection (2)(d) is to fund the cost of claims that would have been provided from the Motor Vehicle Account under the Accident Rehabilitation and Compensation Insurance Act 1992. Compare: 1998 No 114 s 291 Subsection (2)(c) was substituted, as from 1 July 2003, by section 5(1) Injury Prevention, Rehabilitation, and Compensation Amendment Act 2003 (2003 No 29). Subsection (3) was substituted, as from 1 July 2003, by section 5(2) Injury Prevention, Rehabilitation, and Compensation Amendment Act 2003 (2003 No 29). Subsection (4) was repealed, as from 1 July 2003, by section 5(2) Injury Prevention, Rehabilitation, and Compensation Amendment Act 2003 (2003 No 29).