CTP Premium committee
The SIRA Board has established the SIRA Compulsory Third Party (CTP) Premium Committee under section 10.3 of the Motor Accident Injuries Act 2017 and section 22 of the State Insurance and Care Governance Act 2015.
The Committee’s role is to advise the SIRA Board on matters pertaining to CTP insurance premiums.
Member profiles
Chair, Nancy Milne, OAM
Nancy Milne is a former lawyer with over 30 years’ experience primarily in insurance and reinsurance, risk management, corporate governance and professional negligence.
Currently, Nancy is Chair of the Accounting Professional and Ethical Standards Board and the SIRA CTP Premium Committee. Nancy is also a member of the Asbestos Safety and Eradication Council. She is a Director of the Benevolent Society and FBR Limited.
She was a partner with Clayton Utz until 2003 and a consultant until 2012. In 2008 she was awarded the Order of Australia Medal for services to the legal sector particularly as an insurance lawyer and to the community. She was also previously a Director of the Australand Group (now Frasers Property Group), Munich Reinsurance Australasia, and the Superannuation Administration Corporation (Pillar Administration).
Nancy has a Bachelor of Laws from the University of Sydney and is a fellow of the Australian Institute of Company Directors.
Nancy is the Deputy Chair of the SIRA Board, the Chair of the SIRA CTP Premium Committee and was formerly the Chair of the SIRA Audit and Risk Committee. She is serving her fifth term on the SIRA Board until May 2025. Nancy was previously a member of the SIRA Audit and Risk Committee until May 2023, as well as the DCS’s Audit and Risk Committee.
Member, Chris Latham
Mr Latham is an actuary with extensive experience in accident compensation schemes throughout Australia and New Zealand. He has advised government authorities and private insurers over long periods on matters relating to premiums, balance sheet liabilities and costs of benefit changes.
He was a partner of PricewaterhouseCoopers for over 20 years before retiring in 2013.
Mr Latham is currently a Board member of the Asbestos Injury Compensation Fund. He was previously Chairman of the Personal Injury Education Fund (PIEF), a director of the Institute of Safety Compensation and Rehabilitation Research (ISCRR) and a non-executive director of ReturntoworkSA.
He has been a member of the Board of the Institute of Actuaries of Australia and been an active member of various committees and taskforces relating to general insurance, professional standards, financial condition reports and research. He has authored a number of papers on insurance and accident compensation matters.
He has a Bachelor Science (Hons) degree from the University of Tasmania and is a Fellow of the Institute of Actuaries of Australia.
Member, John Trowbridge
Mr Trowbridge has a background as a consultant, executive, company director and regulator in a career spent predominantly in financial services with an emphasis on insurance-related businesses.
He founded Trowbridge Consulting in the 1980s which became a leading actuarial and management consulting firm in Australia and Asia, merging with Deloitte in 2000. From 2006 to 2010, as one of the Australian Prudential Regulatory Authority’s three Members he had carriage of life and general insurance and also executive remuneration. He chaired the Australian Government’s review of natural disaster insurance following the 2011 floods. In 2015, he chaired the Life Insurance and Advice Working Group to recommend reforms in the life insurance industry which came into effect in January 2018.
Mr Trowbridge continues to undertake occasional consulting assignments and he recently played a pivotal role in the recent redesign of the CTP premium regime in NSW. John has degrees in science, engineering and arts and is a Fellow of the Institute of Actuaries of Australia. He was President of that Institute in 1998 and a member of the Treasurer’s Financial Sector Advisory Council from 1998 to 2004.
Member, Liz Cairns
Ms Cairns is a distinguished leader, innovator, and subject matter expert renowned in the health and disability sector, with over 25 years of experience in Australia and New Zealand.
Ms Cairns currently holds the role of Chief Strategy and Risk Officer for Scope Australia where she commenced in June 2023, whom are one of the largest not-for-profit disability service providers in Australia. Liz has previously held executive and managerial roles in Australia and New Zealand, namely the Transport Accident Commission, National Disability Insurance Agency, Accident Compensation Corporation and the MidCentral District Health Board.
Throughout the duration of Ms Cairns previous role at the Accident Compensation Corporation New Zealand, Liz designed and implemented the ‘National Serious Injury Service’. The program introduced specialist claims management for clients living with permanent and significant accident trauma impairments. As a result, she was awarded the 2010 Personal Injury Education Foundation Award for ‘Outstanding Contribution by an Individual’.
In Ms Cairn’s early career, she held roles in prominent providers of health and disability services in New Zealand, including the Wanganui Area Health Board, IHC, and Options in Community Living.