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Frequently Asked Questions What is a CTP Green Slip?It is a type of insurance policy. It provides you with protection from a damages claim in the event that you or the person driving your car are the driver at fault in a motor vehicle accident. It provides compensation to the person that was personally injured or killed. For more information, click here. Do I need a CTP Green Slip?You must have a CTP Green Slip to register a motor vehicle in NSW (excluding trailers). It is compulsory by law. Am I covered if I drive outside NSW? Even though your motor vehicle is registered in NSW, your insurance provides you with cover regardless of where you are in Australia. Who and what is Covered?Your greenslip does:
Who & what is NOT Covered?Your greenslip does not:
Who Provides the CTP Green Slip?Insurance companies. There are currently 7 insurance companies offering CTP Green Slips. Who is the MAA?MAA stands for the Motor Accidents Authority of NSW. The MAA was established by NSW Parliament under the Motor Accidents Act 1988. They administer the Green Slip scheme and aim to create a safer environment for road users, better injury management, and ensure the Green Slip remains affordable, efficient, effective and fair. They are located at 580 George Street, Sydney and may be contacted on 1300 137 131. For more information, click here. Who sets the Premiums?The insurance companies. However, they must first lodge their premium schedules with the MAA for approval. For more information, click here. Where does my Premium Go?Your premium goes toward compensation payments. The MAA itself is funded by a levy on premiums. The MAA also uses this levy to support road safety campaigns, and research and education projects.
Which companies offer greenslips?There are seven insurers offering greenslips in NSW. For contact details for the seven insurers, click here.
What is the MCIS Levy?When you purchase a greenslip you are participating in two schemes. The Third-party Insurance scheme, regulated by the Motor Accidents Compensation Act 1999 and the Lifetime Care and Support scheme, regulated by the Motor Accidents (Lifetime Care and Support) Act 2006. The MCIS Levy was introduced to fund the Lifetime Care and Support scheme. For more information on the Lifetime Care and Support scheme click here. The Lifetime Care and Support scheme is funded through the Medical Care and Injury Services Levy (MCIS Levy), which is included as a separate item with your greenslip payment. The MCIS Levy also funds ambulance and hospital costs for all motor vehicle accidents, costs which were previously included in the greenslip premium. The MCIS Levy is calculated as a percentage of the base greenslip premium. The percentage varies based on factors such as vehicle type and geographic region. There is no public visibility of the basis on which the MCIS Levy is determined, however the MAA now publishes the MCIS Levy as a percentage of the greenslip premium for three common vehicle types in the five geographic regions. The published levies range from 34.5% for a motorcar in the Sydney metropolitan area to 52.7% for a motorbike over 300cc in the country. A schedule of the published MCIS Levies as a percentage of the greenslip premium is available on the Liftime Care and Support scheme page of this site. The MCIS Levy is part of the cost of a greenslip. It is important to consider the total cost of the greenslip. You can compare greenslip prices by contacting each insurer or by using the greenslip price comparison service operated by the Motor Accident Authority. Contact details for each insurer are set out on this site. A link to the price comparison service is also on this site.
Do some places offer cheaper greenslips than others?Some insurers offer cheaper greenslips than others...however, the greenslip price for each insurer should be the same for that insurer, regardless of where or how you purchase it. You need to make sure the greenslip price is based correctly on your vehicle and details. Provided you do this, the price for each insurer does not vary based on where or how you purchase that insurers greenslip. |
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