Green slips cheaper

NSW motorists could save nearly $120 on their green slip with the introduction of new and affordable CTP reforms.

The new scheme would give all injured road users benefits for loss of income and medical expenses for up to six months, with lump sum compensation retained for those with long-term injuries.

Across the state, the average premiums are expected to drop from $650 to $528.

Premier Gladys Berejiklian said the new scheme would protect those with genuine injuries and ensure the bulk of premiums went towards injured motorists rather than legal fees and administrative costs.

“The current scheme has become the least affordable in the country and just 45 cents in every green slip dollar is returned to injured road users,” the Premier said.

Legislation was passed on 30 March 2017. The new green slip scheme will commence in December 2017.