ARTICLE · 26 FEBRUARY 2013

Green slip changes in NSW will hit all motorists

Stacks Law Firm

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Motor vehicle accident victims will be the losers under plans announced to cut benefits under the CTP insurance scheme.

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Kasarne Robinson

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Victims of motor vehicle accidents will be the losers under plans announced by the NSW government to cut benefits under the Compulsory Third Party insurance scheme.

The government is reviewing the entire CTP scheme saying the 'green slip' insurance motorists have to pay when registering their vehicle is getting too expensive. Savings being offered are $50-$75. But under the proposed changes, everybody without separate income protection insurance will be putting their homes, and ability to support their family, at risk every time they get in a car. This is because the Motor Accidents scheme will no longer cover their full wage loss if they have an accident.

Viewed from this perspective, the current CTP scheme is cheap accident insurance when you are on the road.

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