It provides compensation for people injured or killed in a car accident that is deemed to be not their fault.

What does compulsory third party insurance cover nsw. It doesnt cover the cost of damaged vehicles and property or damage to or loss of your vehicle. What your greenslip does and does not cover. Your greenslip is an insurance policy that pays compensation for people who are killed or injured in a road accident involving your vehicle.

Compulsory third party CTP insurance called a green slip in NSW is compulsory in Australia. CTP insurance covers compensation payments for people injured or killed in a motor vehicle accident. You cannot register your vehicle without having a policy in place.

The NSW CTP scheme has two separate components. There are currently only seven companies that offer CTP insurance. It covers you against paying compensation to people injured in an accident that you caused.

In all Australian states you need to have CTP insurance before you can register your car with your local road and transport authority. For an extra premium it can also cover your car for fire and theft for up to 10000. Transport Accident Commission TAC The Victorian compulsory third party insurance scheme is administered by the Transport Accident Commission TAC.

Whats included in Third Party Property Damage Car insurance cover. The Motor Vehicles Third Party Insurance Act 1942 introduced the first CTP personal injury insurance scheme to NSW. CTP insurance is compulsory in all states of Australia.

An injured person had to establish the legal negligence of the at fault driver to receive compensation. CTP is an abbreviation for compulsory third-party insurance. NSW CTP is compulsory for all vehicles registered in NSW.