Many vehicle owners in NSW ask us about the Fund Levy. They wonder if greenslips.com.au calculator prices include the Fund Levy. Here we set out levy amounts for each vehicle type and geographical region and what the levy pays for.
What is the Fund Levy?
The Fund Levy is a separate charge on top of the price of your green slip. The amount is based on:
- Vehicle type – motor car, light goods vehicle, motorcycle (each engine size)
- Location – metropolitan, outer metropolitan, Newcastle/Central Coast, Wollongong and country.
Fund Levy amounts are set and may be adjusted under Motor Accident Injuries Act 2017.
In January 2022, excess insurer profits were returned to motorists by way of a 35% reduction in the Fund Levy.
What does the levy pay for?
The Fund Levy pays for two aspects of the scheme:
- Most of the Fund Levy pays for the Lifetime Care and Support Scheme, which is for people who are catastrophically injured in a motor accident. This includes the Motor Accident Injuries Treatment and Care Benefits (MAITC) Fund.
- The rest of the Fund Levy is for the State Insurance Regulatory Authority (SIRA Fund) and is set by SIRA to around 11% of green slip premiums. SIRA uses this to pay:
- SIRA operating costs
- Fees to Transport for NSW to process registrations
- Costs of public hospital, ambulance and other services for people injured in an accident.
Do greenslips.com.au Calculator prices include the Fund Levy?
Yes, all greenslips.com.au Calculator prices include the Fund Levy. For a breakdown of prices from each insurer, you can click on the + sign next to an insurer under Next steps.
12 months price breakdown
| Premium | $118.18 |
| GST (on premium only) | $ 11.82 |
| Fund Levy | $ 65.84 |
| Total | $195.84 |
Note, you pay GST on the greenslip premium only, not on the levy itself.
Fund Levy amounts at 1 August 2022
| Vehicle class | Sydney Metropolitan | Outer Metropolitan | Newcastle / Central Coast | Wollongong | Country |
| Motor car | $130.55 | $128.59 | $107.30 | $119.02 | $100.94 |
| Light goods vehicle <4.5 GVM | $221.84 | $152.48 | $129.91 | $158.87 | $98.82 |
| Motorcycle 226-725cc | $98.51 | $64.91 | $65.86 | $65.84 | $57.17 |
| Motorcycle 1126-1325cc | $176.54 | $138.81 | $121.11 | $122.24 | $118.60 |
Levy amounts tend to be higher in metropolitan areas, and higher for light goods vehicles than for motor cars. Owners of motorcycles with small engines pay the lowest levies.
Calculate your cheapest green slip price now. Find a breakdown of the total greenslip premium into insurer premium, GST and Fund Levy.
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