If you drive a taxi or hire out your vehicle for rideshare, learn the new rules that apply in NSW from 1 November 2017. Read More
Thanks to reforms to the NSW green slip scheme, most vehicle owners can look forward to a green slip refund from January 2018. Read More
In early 2016, recreational fishing or responsible service of alcohol or gambling licences went digital. The next type of licence to go digital will be your drivers licence, depending on the results of a trial in Dubbo. Read More
After 1 July 2017, vehicle owners will see a welcome 5% price cut for their green slips. This means many motorists in Sydney will pay less than $600. It is a long time since prices for CTP insurance got cheaper in NSW.
Many people have already used Uber or GoGet rather than hire a taxi to get around. This has upset taxi drivers, understandably, who have to pay for expensive licences and insurances while meeting legal standards. The NSW government has decided to update the legislation for this brave new world of rideshare and is asking the public to have its say.
The Motor Accident Injuries Bill 2017 passed NSW Parliament at the end of March. It will operate from 1 December 2017 and takes the first step towards reform of the NSW CTP scheme.
Be careful about buying green slips because you may become the victim of fraud. Insurers have identified a substantial fraud involving several thousand CTP policies and many unauthorised agents.
Drivers in NSW know they pay the highest CTP premiums in Australia. Their premiums have increased some 85% in 10 years. Reform to the NSW CTP scheme has been a long time coming. But finally, Premier Gladys Berejiklian and Minister for Finance, Services and Property Victor Dominello announced some detail on 7 March.
Following an unsuccessful attempt in 2013, the NSW government is back on the path of CTP reform. The latest discussion paper, “Reforming insurer profit in compulsory third party (CTP) vehicle insurance”, was released in November 2016. This time, it addresses the issue of insurer super-profits.
While reform of the NSW CTP scheme is still under discussion, caps on legal fees for minor CTP claims have already become law.