The TAC has released its annual report for 2013 and it shows they have made a WHOPPING profit of over 970 million dollars and over 1 billion dollars once the bullshit expenditure is removed. One item that screams out loud is the TAC can comfortably reduce the cost of premiums for all vehicles instantly by at least 30% with more than enough room to continue reducing premiums in future years. The motorcycle levy is accounted for on page 22 and as you will see it is not much so why they continue this farce is beyond any sane reasoning. Its all about the money and the real reading begins at page 19. http://www.tac.vic.gov.au/about-the-tac/our-organisation/what-we-do/annual-reports More TAC waste. Page 47 During 2012/13, Dr Julie Caldecott was a Board member of the Institute for Safety, Compensation and Recovery Research (ISCRR). The TAC is committed to contributing towards funding the research activities of ISCRR. During 2012/13, the total funding contributed to ISCRR amounted to $2,670,800 (2012: $2,552,327). http://www.iscrr.com.au/ This is from their “About us” page. The Institute for Safety, Compensation and Recovery Research (ISCRR) is a joint initiative of WorkSafe Victoria (WorkSafe), the Transport Accident Commission (TAC) and Monash University. It was established in 2009 to facilitate research and best practice in injury prevention, rehabilitation and compensation. Funding and support is provided by the three partner organisations. ISCRR has a collaborative research model. This relies on extensive and ongoing consultation and engagement with all stakeholders involved at every stage of a research endeavour: from setting the research agenda, through facilitating and conducting excellent research to translating the research findings into best practice in WorkSafe and TAC operations. ISCRR is based in Melbourne, Australia.