Regulatory Alerts2026-05-18
Road Accident Victims Compensation Act (VOEG)
The Austrian Federal Ministry issued this Act to transpose EU directives and establish the Austrian Insurance Association as the compensation body for road accident victims. It mandates the Association to provide benefits for personal injury and property damage when liable insurers are absent, insolvent, or when vehicles are exempt from compulsory insurance. The legislation further defines specific compensation scenarios for accidents abroad and outlines the procedural obligations for injured parties and the Association.
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