If you REGISTERED your CAR in NSW then you are ENTITLED TO A PARTIAL CTP REFUND – As easy as a phone call
Thanks to a NSW government reform of compulsory third-party insurance last year, most NSW motorists are eligible for a partial refund.
The government is slated to return about $300 million to motorists in partial refunds, so here is how to get your portion of the funds.
The NSW government decided to reform the previous CTP scheme as it was 18 years old, and it took an injured person an average of three to five years after a vehicle accident to get compensation.
Fraudulent claims ate up about $75 in the cost of each green slip, but only 45¢ in each CTP dollar was paid out to injured people. NSW also had some of the highest premiums in the country.
The most a private motorist can receive is $125 and the minimum is $10, but the amount depends on when you renewed your green slip. As the new CTP scheme started on December 1 2017, the people who paid premiums closer to that date will get a greater refund.
I rang ‘MyServiceNSW’ 137788 gave the girl my name, email address, Rego number, who I pay my CTP to (GIO) gave her my Bank BSB & Account number & got $16.27 paid directly into my bank account for the NSW Government’s CTP Green Slip refund. Then got an email receipt.
$16.27 won’t change my life, but it might buy me 3 coffees or beers. Worth the effort? You decide.
Ballina Ex-Army Association Inc.
Email: [email protected]