http://www.greenslips.com.au/blog/rss.html All about CTP greenslip insurance in NSW http://www.greenslips.com.au/blog/post/306.html Double Demerits - A reminder that double demerits for speeding and seat belt offences apply from today until midnight Sunday, 29 January 2012. http://www.greenslips.com.au/blog/post/306.html http://www.greenslips.com.au/blog/post/304.html The MAA has released new Market Practice Guidelines, commencing 1 January 2012.  All insurers are required to comply with the guidelines, unless the MAA approves otherwise.There have been some notable changes to the guidelines. New to the guidelines is clause 2)f), which requires that all insurers will sell greenslips over the phone, including payment by MasterCard and VISA.Clause 3)i)g, has been amended so that an insurer can no longer require a customer to go to the insurers Head Office to purchase a greenslip.More on this later. http://www.greenslips.com.au/blog/post/304.html http://www.greenslips.com.au/blog/post/303.html Why can we not have CTP cover for a motorcyclist who do not ever carry a pillion passenger? The likelyhood of me as a motorcyclist injuring another person is far far less than drivers of cars, 4WD's etc and yet my premium is almost twice the price. http://www.greenslips.com.au/blog/post/303.html http://www.greenslips.com.au/blog/post/300.html Normal 0 MicrosoftInternetExplorer4 st1\:*{behavior:url(#ieooui) } /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin:0cm; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-fareast-font-family:"Times New Roman";} A review of the Motor Accidents Authority (MAA) was released this week and some parties are not happy with the findings. The NSW Parliamentary Law and Justice Standing Committee released its eleventh review into the MAA and the Motor Accidents Council (MAC) on Tuesday.  A copy of the report is available here. Amongst other things, the report found that for the last five years there is a gap between the profit insurance companies project for the purpose of setting greenslip premiums and the profit they actually make. The NSW Bar Association says that this represented a “fundamental flaw” in the greenslip scheme in NSW and, along with the NSW Greens, has called for an overhaul of the scheme. The Insurance Council of Australia argues that the higher profits result from fewer claims on the scheme. http://www.greenslips.com.au/blog/post/300.html http://www.greenslips.com.au/blog/post/301.html The NSW Government has announced that the average greenslip price for motorbikes will fall by up to 19% from 1 January 2012.  All motorbikes are to benefit except those in the 1,126 to 1,325cc class.The real test will come when you renew your greenslip.  Let us know how you go.  Respond to this blog with your experience. http://www.greenslips.com.au/blog/post/301.html http://www.greenslips.com.au/blog/post/298.html The Government has issued a press release today stating that the Motor Accidents Authority (MAA), at the request of the Government, has rejected greenslip price increases of up to 15%.  The increased premiums were to come into effect from 1 January 2012.Minister for Finance and Services Greg Pearce said in the release that motorists had been spared up to $57.00 and that the best price for Sydney metropolitan sedans will remain in the range of $460.00 to $480.00 from 1 January 2012.A copy of the press release is available on this website. http://www.greenslips.com.au/blog/post/298.html http://www.greenslips.com.au/blog/post/297.html Reports this morning that it took one hour and thirty minutes to travel from Heathcote Road to the airport tunnel on the M5.  Guess what?  They were still charging the toll! http://www.greenslips.com.au/blog/post/297.html http://www.greenslips.com.au/blog/post/296.html If, as a "private" vehicle registrar would you not be able to have 2 modes of transport covered by 1 greenslip. You cannot operate 2 vehicles at once! I have a car and a bike and will use the bike in safe clear weather to keep my thirstier car off the road. I also use the bike for some more interesting road travelling. Therefore i will drive 1 at a time. If the greenslip system is designed to cover other peoples medical expenses that I may contribute to (accident) then why cant I have the one green slip cover the 2 vehicles I register. The rorting could be a factor if 1 person were to try and claim 10 vehicles as their own but surely this can be counteracted with a reasonable limit to 2 different forms of transport only (possibly 3). It is ridiculous to have to pay $1200-1400 dollars a year for greenslips on 2 vehicles used at different times. http://www.greenslips.com.au/blog/post/296.html http://www.greenslips.com.au/blog/post/294.html For those interested, the Sydney Motorcycle & Scooter Show is on today, tomorrow and Sunday at the Sydney Convention & Exhibition Centre at Darling Harbour.  For those into motorbikes, it will certainally be worth a look. http://www.greenslips.com.au/blog/post/294.html http://www.greenslips.com.au/blog/post/293.html There is an interesting article in today's The Daily Telegraph by Andrew Clennell, titled "Battle of $77 green slip lift".  The article says that the State Government, through the Motor Accidents Authority (MAA), is pushing back on requests by insurers for increased CTP greenslip premiums.Under the current legislation, the MAA may reject a premium proposed by an insurer if, in its opinion, the premium will not fund liabilities under the scheme, the premium is excessive or the premium does not comply with guidelines issued by the MAA.If the MAA and the insurer are not able to reach agreement on the premium, the matter may be resolved by an arbitrator agreed on by the parties, or in the absence of agreement on an arbitrator, by the Independent Pricing and Regulatory Tribunal (IPART). http://www.greenslips.com.au/blog/post/293.html