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Lifetime Support Authority of South Australia

Functional responsibility

The Lifetime Support Authority of South Australia (the Authority) is established pursuant to the Motor Vehicle Accidents (Lifetime Support Scheme) Act 2013 (the LSS Act).

The Authority administers the Lifetime Support Scheme (LSS or the Scheme) and the LSS Fund established by the LSS Act to support people who suffer serious lifelong disabilities in motor vehicle accidents in South Australia regardless of fault. A person can be accepted as an interim or lifetime Scheme participant depending on their eligibility under the LSS Rules.


Financial statistics
Provision for future costs of current participants: $93 million
LSS Fund levy net of duty: $127 million
   
Investments: $165 million
Net assets: $75 million
   
Number of FTEs: 12.8
Number of interim participants: 38
Number of lifetime participants: 1

Significant events and transactions
  • LSS commenced on 1 July 2014.
  • $93 million provision created for the future cost of caring for current participants.
  • Average levy rate increased from $98.50 per vehicle in 2014 15 to $102.49 in 2015-16.

Financial statement opinion
Unmodified

An emphasis of matter was included in the financial report opinion relating to significant inherent uncertainty surrounding the estimate of the provision for participants’ treatment, care and support services because of the long-term nature of the provision and limited participants’ experience to date.