Information about

Compulsory Third

Party Insurance

in New South Wales

CTP Insurance is compulsory insurance privately underwritten

by licensed insurers.

It covers the negligent ‘at-fault’ driver for their liability to

compensate third parties for bodily injury caused by them

involving the operation of their vehicle.

This includes the driver(s) and passengers in other vehicle(s)

involved in the accident, passengers in your vehicle,

pedestrians, push-bike and motorcycle riders.

It also provides more limited benefits to the at-fault driver

themselves.

It is compulsory to purchase a Green Slip in order to legally

register your vehicle in NSW with the Roads and Traffic

Authority (RTA). There are strict penalties for those who drive

an unregistered vehicle.

CTP Insurance DOES NOT provide cover to property - either

your own or that of others - which may be damaged in the

event of a motor vehicle accident.

If you are injured and the driver of another vehicle involved in

the accident is subsequently deemed to be ‘at fault’, you may

be entitled to benefits under CTP insurance for your injuries and

these would be covered by the CTP insurer of the other vehicle.

However, if you are at fault in the motor vehicle accident, then

you will only have limited cover under the New South Wales CTP

Legislation.

Recent legislative changes mean you may be eligible for benefits

under the Motor Accidents (Lifetime Care and Support)

legislation if your injuries are severe, but these benefits only

cover medical and rehabilitation services, and do not cover loss

of income or general damages.

As the at-fault driver you are also covered for the first $5,000 of

medical expenses and loss of income.

Source:

Greenslip.QBE.com

Images:

BudgetGreenslips.com.au