From 1 April 2023, someone who is injured in a road accident can claim income support and treatment and care for 52 weeks rather than 26 weeks. There is also a change of name and meaning for the important term, ‘minor injury’. Read More
If you have a clean driving record, travel often on tollroads, or want to offset carbon emissions, there is something for you. Those who spend $375-$750 every year on tolls can save money with backdated toll relief. Usually good drivers who receive a fine for a low range offence will save money and have it waived. Finally, drivers can choose to pay extra to offset carbon emissions when they next register their vehicle. Read More
State Insurance Regulatory Authority (SIRA) is clawing back $178.7 million in excess profit made by green slip insurers. This is insurer profit in 2018 and 2019, above 10%, after injured road users have received their treatment and care. Read More
CTP Care is a new program in NSW for people injured in a road accident who have an accepted CTP claim but need treatment and care beyond 5 years. CTP Care will begin on 1 December 2022. Read More
Motorists can look forward to cheaper greenslips in 2022 when excess insurer profits are returned. A mechanism in the new NSW CTP scheme allows State Insurance Regulatory Authority to intervene when insurer profit goes over 10%. The average saving on a greenslip will be about $19. Read More
Allianz stopped offering At-Fault Driver Protection insurance from 1 September 2021. Now NRMA Insurance is the only remaining CTP insurer in NSW to offer At-Fault Driver Cover. Read More
General insurer, Youi Pty Ltd, has received permission to enter the NSW CTP market from 1 December 2020. It is the first insurer to join the CTP scheme for many years and the only new entrant since reform in December 2017. Read More
The NSW government has decided to create a new Personal Injury Commission. It will resolve disputes for injured road users and workers wanting compensation. Currently, State Insurance Regulatory Authority (SIRA) deals with motor accident injuries and Workers Compensation Commission (WCC) handles worker injuries. Read More
The taxi industry has suffered two big setbacks in recent times – Uber and Covid19. Recently, taxi drivers lost most of their work taking people to and from the airport. Cancellation of events and working from home made it even worse. In response, the NSW government has just announced a $12.6 million stimulus package. Read More
If you provide a passenger service in a taxi, hire car or rideshare, here is an opportunity to have your say about CTP insurance. Current transitional arrangements for CTP in NSW expire 1 December 2020. State Insurance Regulatory Authority has just released a CTP policy options paper for all point to point vehicles. It provides an opportunity to influence new CTP arrangements. Read More
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