CTP Insurance

What’s covered by CTP?

• Costs for which you’re liable if you, or someone driving your vehicle, injure someone else in a motor accident.
• Medical expenses and weekly payments for lost income, for up to six months, if you’re injured and you’re at fault (conditions apply).

Visit the SIRA website for more information.

What’s not covered

• Damage to your vehicle
• Damage to other people’s vehicles and property
• Theft of your vehicle

Luckily, AAMI offers a few Car Insurance options that will cover these scenarios (and more!). Find out more.

If you buy or sell your vehicle within NSW, then the Green Slip will stay with the vehicle and be transferred to the new owner. Transport for NSW (TfNSW) formerly the RMS will automatically notify your CTP insurer of the change. If you purchase a registered vehicle, the Green Slip will be with the previous owner’s CTP insurer.

If you buy a vehicle that has a Green Slip with another insurer but you’d like to remain with AAMI, contact us. We can send you a CTP Green Slip notice when your car registration is up for renewal, so you can transfer over.

No, they’re not one and the same payment, as they are in some other states.  In NSW, it’s compulsory to purchase CTP Insurance (aka Green Slip) before you register your vehicle. When it’s time to renew your registration, you must renew your CTP Insurance too.

When insurers calculate CTP Insurance, they’ll consider the cost of future claims, as well as a number of other factors like age, safety record, demerit points and claims history. Your vehicle’s age, where it’s kept and your level of car insurance is also taken into account. NSW CTP insurance premiums also include a Fund Levy, which covers ambulance and initial hospital fees, and lifetime care if you’re severely injured. It also includes GST, too. For more information, check the SIRA website.

CTP Insurance is designed to protect drivers. It’s compulsory so that if anyone is injured in an accident, the driver’s legal liability is protected. Without it, the legally liable person may be severely out of pocket, and compensation may not be paid to the person entitled to it.

Your CTP Insurance and vehicle registration are governed by the state or territory in which you live, and the rules and regulations differ from state to state. For example, in Victoria, VicRoads regulates CTP Insurance and it’s included with registration costs; in NSW, SIRA looks after CTP Insurance and its purchased separately from your registration. If you move interstate, you’ll need to register your vehicle with the relevant road authority.