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Govt Rejects CTP Increases

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.