To provide a compulsory third party motor vehicle insurance system for Queensland and to administer the Nominal Defendant Fund in respect of personal injury arising from liability relating to uninsured and unidentified motor vehicles. Monitor and supervise the insurers under the statutory scheme and issue, suspend and withdraw CTP licences. Determine prudential standards for insurers, having proper regard to the standards that apply under Commonwealth legislation and the role of the Australian Prudential Regulation Authority. Fix for each class of CTP insurance the range within which an insurer's premium must fall. Monitor and facilitate the availability, adequacy and use of rehabilitation services. Research and promote motor vehicle accident prevention. Keep the scheme under review and amend where necessary.