Compulsory Third Party (CTP) Insurance – often called a Green Slip in NSW – helps drivers cover costs related to injuries sustained by other road users after an accident. It helps cover things like medical bills and lost income. CTP Insurance is needed to register your vehicle in NSW.
Third Party Property Damage Insurance – often shortened to Third Party – is mainly intended to help you cover costs for which you might be liable if you cause damage to other people's vehicles or property while you're driving.