State Insurance Regulatory Authority

About us SIRA was created under part 3 of the State Insurance and Care Governance Act 2015 (SICG Act). In establishing SIRA, the Government's intention was to 'create a consistent and robust framework to monitor and enforce insurance and compensation legislation in NSW, and to ensure that public outcomes are achieved in relation to injured people, policy affordability and scheme sustainability' (from the second reading speech of the SICG Act). SIRA s objectives and regulatory role is set out in the Act as follows: SIRA s objectives and regulatory role is set out in the Act as follows: - to promote the efficiency and viability of the insurance and compensation schemes established under the workers compensation and motor accidents legislation and the Home Building Act 1989 and the other Acts under which SIRA exercises functions - to minimise the cost to the community of workplace injuries and injuries arising from motor accidents and to minimise the risks associated with such injuries - to promote workplace injury prevention, effective injury management and return to work measures and programs - to ensure that persons injured in the workplace or in motor accidents have access to treatment that will assist with their recovery - to provide for the effective supervision of claims handling and disputes under the workers compensation and motor accidents legislation and the Home Building Act 1989 - to promote compliance with the workers compensation and motor accidents legislation and the Home Building Act 1989.