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Update on Reforms to the NSW CTP Green Slip Scheme

In March we published an overview of the proposed reforms to the CTP green slip scheme in NSW.

The reforms were open for a period of public comment and consultation, ending 5 April 2013.

Copies of some submissions are included on the MAA website, including those from Actuaries Institute NSW, Insurance Council of Australia, NSW Motorcycle Alliance, Transport for NSW, QBE, NRMA and Joint Submission of NSW Bar Assoc; Law Society; Australian Lawyers Association.

The Motor Accident Injuries Amendment Bill 2013 was introduced into Parliament on 9 May 2013.

It is not clear, at this stage, when the Bill will be passed by Parliament or when the new legislation will commence, nor is there a timeline for implementation.

Regulations and Guidelines, which will cover implementation and operational aspects of the new scheme, have not been released. They are expected through the second half of this year.