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NSW CTP Scheme Reform 2017
On 1 December 2017, the NSW Government’s reforms to the CTP Green Slip scheme will go live. They’re designed to better support people injured on NSW roads, and to make Green Slips more affordable.
Why we’re committed to the change
We’d like to make CTP insurance more accessible for all Aussies, which is why we’re behind this reform.
The current CTP scheme hasn’t undergone major change since 1999—if the scheme were a person, it’d be old enough to drive! We anticipate that reforms to the scheme will mean more benefits being passed on to our customers. Shifting from a CTP scheme that is focussed on lump-sum payouts to one that prioritises rehabilitation of injured people should mean that we can offer more affordable and efficient CTP coverage.
What the changes mean for you
We’re changing the way we price NSW CTP insurance, while offering cover regardless of who’s at fault after an accident.
From 1 December 2017, changes will be made to our NSW CTP Green Slip product. These changes will:
- reduce the cost of Green Slip premiums,
- reduce the time it takes to resolve a claim,
- increase the proportion of benefits provided to the most seriously injured road users, and
- reduce the opportunities for claims fraud and exaggeration.
Green Slip refunds
When the new Green Slip scheme kicks in on 1 December 2017, prices will drop for most vehicle owners. From January 2018, a refund will be offered to eligible people as a direct result of the NSW Government's CTP Green Slip reforms.
To learn about Green Slip refunds, please visit the refund page on the State Insurance Regulatory Authority (SIRA) website.
Where can I find out more?
For more information about Green Slips and the changes to the CTP scheme, visit the State Insurance Regulatory Authority (SIRA) website.