Reforming insurer profit in the CTP Green Slip Scheme
The NSW Government proposes to reform insurer profit from the CTP Green Slip Scheme and improve outcomes for NSW motorists and people injured on our roads.
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The Issue
Consultation period: 04/11/2016 12:00 am to 25/11/2016 11:59 pm
A discussion paper has been released on proposed actions to stop insurer super-profits, as well as a terms of reference.
The government is proposing a number of reforms to the scheme, including:
- the introduction of a defined benefit ‘no-fault’ scheme for low to moderate injuries
- retain common law for those with more serious injuries
- and for the first time extend protection to an extra 7,000 road users per year not covered under the current ‘at-fault’ scheme.
Written submissions may be published on our website. If you do not want your submission or any part of it published, you must clearly indicate this at the time of submission, however, the government reserves the right to publish submissions in the public interest.
Previous consultations
Options for reforming Green Slips in NSW
In March 2016 the NSW Government announced a broad ranging consultation process to make the Green Slip scheme work better for injured people and motorists.
For more information on that consultation see Options for reforming Green Slip insurance in NSW.
Review of CTP motor vehicle insurance for point-to-point transport vehicles
A review of CTP motor vehicle insurance for point-to-point transport vehicles – such as taxis, ride share services and hire cars – is also underway.
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Milestones
- 4 November - 25 November 2016: submissions invited
- After 25 November 2016: Review of submissions
- Expert reference panel with technical working groups will be formed to consider submissions when designing the new scheme and processes. The advice of the reference panel will be used by the Government in the formulation of a Bill
- 2017: Government’s Bill to tabled in Parliament