If you are driving unregistered and without CTP insurance you could be fined over 77730.

Compulsory third party car insurance victoria. If you have a cheap car third party property insurance might be better because it also protects you if you damage someone elses vehicle or property. Get started on comparing car insurance policies. Compulsory third-party insurance also known as CTP insurance or a green slip is compulsory if you want to register a vehicle in Australia.

You may spot this on your VicRoads renewal notice under the name TAC premium. Whenever you renew your registration in Victoria youre required by law to pay compulsory third party CTP insurance. The Victorian compulsory third party insurance scheme is administered by the Transport Accident Commission TAC.

The TAC was established in 1986 and since then has been the sole provider and manager of CTP. The TAC pays compensation for death or injuries resulting from a transport accident. In Victoria Western Australia Tasmania and Australian Capital Territory CTP insurance is included in the price of your vehicle registration.

CTP is an insurance policy thats paid for when you register a car in Australia. So with that taken care of you just need to consider coverage for damage to cars and property with Third Party. Third party property insurance provides cover for damage to other cars and property and some policies may cover damage to your car caused by uninsured drivers.

Understanding compulsory third party insurance in Victoria The Victorian government owns the Transport Accident Commission TAC an organisation that provides compulsory third party CTP insurance. The Transport Accident Commission TAC administers CTP in Victoria. Compulsory Third Party insurance CTP or greenslip as its most commonly known as in NSW is something all vehicles are required to be covered by in all states within Australia.

This insurance provides compensation for people injured or killed when your vehicle is involved in an accident. CTP insurance stands for compulsory third party insurance. In some states there are specific providers that offer CTP insurance but in Victoria it is solely offered by the Transport Accident Commission TAC.