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Business CTP Green Slips

Business CTP green slip NSW – Registration for GST affects your CTP green slip price

CTP green slip prices are more expensive if you want to claim an input tax credit for GST.

Insurers are allowed to charge a loading on green slip prices where the policy holder is entitled to claim an input tax credit for the GST component of the green slip price.

The loading applies to any individual or organisation registered for GST.

The loading charged by insurers must be the same percentage for each vehicle type and geographic area and can not be varied based on individual risk factors.

Clause 1.42 of Motor Accident Guidelines 2017 (for policies with a commencement date on or after 1 December 2017) dictates that the loading charged by insurers must be between 6.5% and 7.5% of the corresponding green slip quote or green slip price where there is no entitlement to claim an input tax credit for GST.

State Insurance Regulatory Authority (SIRA) allows insurers to charge the loading on green slip prices because insurance companies do not receive a tax credit when they pay claims and because SIRA accepts that there are additional administrative costs for insurers to deal with the GST.

If you are registered for GST you are required to acknowledge that fact when you purchase a CTP green slip in NSW.  If your circumstance changes in respect of GST you are also required to notify your CTP green slip insurer.

The greenslips.com.au Calculator on this website provides greenslip prices for each of the six greenslip insurers, including cases where you are seeking an input tax credit for GST.

Vehicle Type - more info

Fleets >

What owners of fleets need to know to get green slips. read more

Taxi green slips >

What all taxi owners need to know about green slips. read more

Rideshare green slips >

What all rideshare providers need to know about green slips. read more

Vehicle classifications >

The way vehicles are classified under the NSW CTP scheme. read more

Motorbikes >

What you need to get the cheapest green slip for a motorbike. read more

Trucks and buses >

How the CTP scheme works for owners of trucks and buses. read more