New Governance and Transparency Rules for Insurance and Care NSW
State Insurance and Care Governance Amendment (Governance Arrangements) Bill 2024
1st House
2nd House
Law
Links to Info on Official Parliament Websites:
Effects of Bill:
This bill being passed 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 Minister.
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