The NSW Government last year overhauled the old CTP Green Slip Scheme to create a more affordable, lower cost scheme.
In addition to lower premiums in 2018, the government is providing partial refunds to the owners of vehicles across the state with insurance premiums calculated based on the cost of the old scheme.
Greens Ballina MP Tamara Smith says that in her electorate alone more than 40,000 motor vehicle owners will now be able to claim a CTP Green Slip refund.
‘The new CTP scheme is delivering savings for motorists. The average Green Slip price this year across the local area will be $423, down from $481 last year,’ said Ms Smith.
Refund amounts will differ between motorists depending on when they renewed their Green Slip. The closer to 1 December 2017 a motorist paid their premium, the larger the refund.
How to apply and claim
People with a MyServiceNSW email account can expect to receive an email advising them they are entitled to a refund. The refund will be processed through their MyServiceNSW account and paid into a bank account of their choice.
Vehicle owners who do not have a MyServiceNSW account can check online if they are eligible for a refund or by visiting their local Service NSW Centre at Ballina Homemaker Centre, 26 Boeing Avenue, Ballina before creating an account.
Minister for Finance, Services and Property Victor Dominello said that, as a result of the government’s reforms, over $29 million will be returned to vehicle owners across Northern NSW. The average refund is $43.
‘The new CTP scheme is delivering a big win for motorists through lower premiums, greater protections for those injured on the road and refunds on premiums paid during 2017,’ he said.
Refunds will be available in the coming days and weeks and are available until 30 September 2018.