Compulsory motor vehicle insurance
Your greenslip is a compulsory motor vehicle insurance policy that provides for compensation for people killed or injured in a road accident involving your vehicle.
Greenslip is a generic term for Compulsory Third Party (CTP) Insurance. Greenslips are also referred to as CTP greenslips, green slips, greenslip insurance, CTP and CTP Insurance.
A greenslip is a legal requirement for all motor vehicles registered in NSW, except trailers. Trailers are already covered under the greenslip of the towing vehicle.
When you buy a greenslip in NSW you participate in two schemes:
- Third-party Insurance scheme, regulated since 1 December 2017 by Motor Accident Injuries Act 2017 and previously by Motor Accidents Compensation Act 1999.
- Lifetime Care and Support scheme, regulated by Motor Accidents (Lifetime Care and Support) Act 2006.