Section 262 — Injury Prevention, Rehabilitation, and Compensation Act 2001: Functions of Corporation

262 Functions of Corporation (1) The functions of the Corporation are to— (a) carry out the duties referred to in section 165 ; and (b) promote measures to reduce the incidence and severity of personal injury in accordance with section 263 ; and (c) manage assets, liabilities, and risks in relation to the Accounts, including risk management by means of reinsurance or other means; and (d) carry out such other functions as are conferred on it by this Act, or are ancillary to and consistent with those functions. (2) To avoid doubt, it is not a function of the Corporation or any Crown entity subsidiary of the Corporation to provide insurance, but it may provide insurance-related services in accordance with section 263 or section 265 . (3) In carrying out its functions, the Corporation must deliver services to claimants and levy payers, as required by this Act,— (a) in order to minimise the overall incidence and costs to the community of personal injury, while ensuring fair rehabilitation and compensation for loss from personal injury; and (b) in a manner that is cost-effective and promotes administrative efficiency. (4) To assist the Corporation in the effective and fair delivery of services, the Corporation may provide resources to assist those organisations providing advocacy services for ACC claimants. Compare: 1998 No 114 s 331 Subsection (2) was amended, as from 25 January 2005, by section 200 Crown Entities Act 2004 (2004 No 115) by inserting the words “ Crown entity ” before the word “ subsidiary ” .