NSW New Governance and Transparency Rules for Insurance and Care NSW

State Insurance and Care Governance Amendment (Governance Arrangements) Bill 2024

11 Feb 2025: Passed by Parliament and signed off by the governor.

This bill kicks in: TBA

Legislative Assembly

Legislative Council

Assent

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Topics

board appointments corporate oversight government transparency insurance public governance

Introduced by: The Hon Sophie Cotsis MP (ALP); The Hon Daniel Mookhey MLC (ALP)

Links to official parliament websites

Official page: progress through parliament

Official page: bill text and explanatory notes

Effects of this bill

If this bill passes, it means that:

The Chief Executive Officer (CEO) is no longer also part of ICNSW’s board of directors
The Secretary of the Treasury, or a delegate, will now be appointed to the board of ICNSW
The board can only appoint a new CEO with the approval of the responsible Minister
ICNSW is now required to prepare and submit a statement of business intent for each financial year, detailing its strategic objectives and operational plans. This document must be tabled in Parliament within 14 days of being provided to the Finance Minister.

The Debate

What different members said when this bill was debated:

Damien Tudehope LIB

“The Opposition will support the passage of the State Insurance and Care Governance Amendment (Governance Arrangements) Bill 2024. The bill continues the program of reform of icare, which was initiated by the former Coalition Government. The bill seeks to strengthen icare’s governance framework through several changes.”

Official source →

Abigail Boyd GRN

“In the interests of time, I will be brief. As The Greens’ work health and safety spokesperson, I support the State Insurance and Care Governance Amendment (Governance Arrangements) Bill 2024. I say this with all possible kindness and goodwill, which I always show to the Labor Government: This is a very underwhelming piece of legislation.”

Official source →

Mark Buttigieg ALP

“A priority for this Government is to improve governance arrangements at icare. The bill is an important opportunity to do just that. I will briefly respond to the points made by members. The Hon. Damien Tudehope indicated that the Opposition supports the bill.”

Official source →

News articles and press releases

ChatGPT comments

ChatGPT 4o — 2024-10-17

The State Insurance and Care Governance Amendment (Governance Arrangements) Bill 2024 makes several important changes to the governance framework of Insurance and Care NSW (ICNSW), which oversees insurance and compensation schemes like workers\' compensation. The bill removes the Chief Executive Officer (CEO) from ICNSW’s board of directors, thus separating the management and governance roles more clearly. This change aims to enhance the board’s independence in decision-making. These changes are designed to improve the governance and operational oversight of ICNSW, ensuring it meets its objectives efficiently while maintaining transparency in its activities