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Background
The TMF is a Government managed fund scheme (GMFS) within the Self Insurance Corporation, managed by Insurance and Care NSW (icare) on behalf of Treasury. It covers the risk exposures of NSW Government agencies. The TMF stands in place of insurance to provide comprehensive protection for any unexpected loss, damage, injury or liability that TMF members suffer anywhere in the world. This coverage helps deliver on the government’s responsibility to safeguard the people and property of the State and the operational risks associated with agency activities.
The participation of all government agencies in the TMF helps ensure that the risks and liabilities of the NSW Government are managed in a prudent and efficient way, thereby securing cost savings while providing comprehensive cover against loss and damage to the State’s assets and liabilities.