State Insurance Regulatory Authority has announced a clawback of $183.1 million in excess profit from the six green slip insurers. Over the past 3 years, it has clawed back over $452 million to help keep green slips affordable. Read More
News
How one phone call kept cancer patients’ cars on the road
greenslips.com.au has just made its 58th donation to Can Assist. It has now donated to all 56 Can Assist branches, as well as to head office. In addition, the successful media outreach has resulted in greater awareness of Can Assist and its vital work across rural and remote NSW, assisting more cancer patients. Read More
Launch of new health insurance comparison site
In July 2023, we launched healthslips.com.au, a health insurance information and policy comparison service. The same principles behind greenslips.com.au underpin healthslips.com.au. Read More
Time to reform Sydney’s toll network
The NSW government wants to reform the toll network in Sydney and has set up an Independent Toll Review. The latest review builds on the one begun by the previous government but with a different emphasis. It will investigate pricing inconsistencies, how price setting can address congestion, scope for competition and regulation to influence tolls, and the interface with public transport. Read More
A longer period of benefits for injured claimants
From 1 April 2023, someone who is injured in a road accident can claim income support and treatment and care for 52 weeks rather than 26 weeks. There is also a change of name and meaning for the important term, ‘minor injury’. Read More
Save money with toll and fine relief
If you have a clean driving record, travel often on tollroads, or want to offset carbon emissions, there is something for you. Those who spend $375-$750 every year on tolls can save money with backdated toll relief. Usually good drivers who receive a fine for a low range offence will save money and have it waived. Finally, drivers can choose to pay extra to offset carbon emissions when they next register their vehicle. Read More
Excess insurer profits go back into Fund levies
State Insurance Regulatory Authority (SIRA) is clawing back $178.7 million in excess profit made by green slip insurers. This is insurer profit in 2018 and 2019, above 10%, after injured road users have received their treatment and care. Read More
What is CTP Care?
CTP Care is a new program in NSW for people injured in a road accident who have an accepted CTP claim but need treatment and care beyond 5 years. CTP Care will begin on 1 December 2022. Read More
Excess insurer profit returned to motorists
Motorists can look forward to cheaper greenslips in 2022 when excess insurer profits are returned. A mechanism in the new NSW CTP scheme allows State Insurance Regulatory Authority to intervene when insurer profit goes over 10%. The average saving on a greenslip will be about $19. Read More
Allianz stops offering At-Fault Driver Protection insurance
Allianz stopped offering At-Fault Driver Protection insurance from 1 September 2021. Now NRMA Insurance is the only remaining CTP insurer in NSW to offer At-Fault Driver Cover. Read More
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