When calculating the price of your Green Slip, insurers must charge enough to cover the overall cost of future claims and operational costs at an aggregate level. This initial calculation forms the ‘base cost’ of your Compulsory Third Party (CTP) premium.
An insurer may then adjust your CTP premium based on several factors, including age, driving history, any demerit points and your claims history to reflect your individual risk.
They may also consider your vehicle’s age, where it’s parked, whether you have comprehensive insurance and their overall risk in the scheme. These are named ‘rating factors’.
Because insurers may have different views on risk costs and may use different rating factors to determine that, you may notice variations in CTP premiums across different insurers.
The total price you pay always includes the Fund levy and GST.
The CTP Scheme
The most recent CTP Scheme started on 1 December 2017, aiming to make CTP premiums more affordable and provide better support to injured people.
SIRA continues to closely monitor and regulate the NSW CTP scheme performance by:
- encouraging competitive CTP premium setting,
- ensuring the scheme’s sustainability and affordability and
- maintaining fair market practices.
This oversight helps keep CTP premiums affordable and ensures that insurer profits are kept within a reasonable limit.
Green Slip Price Check
Our Green Slip Price Check is a quick and easy way to get a Green Slip quote comparison from all insurers. Compare prices nowWhat is the Fund levy?
The Fund levy is part of your CTP premium under the CTP Scheme and covers your initial ambulance and hospital fees, along with longer term and lifetime care for people with severe injuries. It ensures funding for the future treatment and care of people who have been seriously injured in crashes.
The Fund Levy includes:
-
SIRA Motor Accidents Operational Fund (MAOF) levy
This covers public hospital and ambulance services for anyone injured on NSW roads and supports the administration costs of the CTP Scheme including support services for people with injuries such as CTP Assist and the Personal Injury Commission.
-
Lifetime Care and Support Authority Fund (LTCS) levy
This levy supports the lifetime care and rehabilitation of people with severe injuries, covering conditions like brain and spinal cord injuries, amputations, burns and permanent blindness, irrespective of fault.
-
Motor Accident Injuries Treatment and Care Benefits Fund (MAITCB) levy
Initiated on 1 December 2017, it provides for the reasonable medical treatment required for longer than 5 years for those injured in crashes without fault, including expenses for secondary surgery and prosthetics.
How is the Fund levy charged?
The Fund levy is a flat fee determined by SIRA and it is displayed separately on your Green Slip invoice.
The average Fund Levy components for all NSW CTP policyholders from 15 January 2025 are shown in the table below:
Levy Component | CTP average contribution to the Fund Levy by all policy holders Effective 15 January 2025 | CTP average contribution to the Fund Levy by all policy holders previous period (15 January 2024 – 14 January 2025) |
|---|---|---|
| MAOF Fund | $37.50 | $14.10 |
| LTCS Fund | $100.00 | $102.43 |
| MAITCB Fund | $27.30 | $24.61 |
| Total levy | $164.80 | $141.14 |
Taxi and ride share premiums
Contact CTP Assist for more help
If you have other questions about your CTP premium or need help with a claim, call CTP Assist on 1300 656 919 (8:30 AM to 5 PM, Monday to Friday) or email ctpassist@sira.nsw.gov.au.
Updated 28 January 2025