Are you eligible for a CTP green slip refund?
Over 4 million NSW vehicle owners are eligible for a refund.
This week marked the launch of the compulsory third party (CTP) green slip refund, which is part of the CTP reforms announced in November 2017.
The green slip reforms are bringing about substantial savings for motorists, on average a saving of $100 per person. Motorcycle riders aren’t going to receive back payments, but will now have access to a higher level of benefits, whether at fault or not. But the all-important question is: how much will your refund be?
How much will you get back?
Well, that depends on a couple of factors including where your car is registered, the type of vehicle and when you registered your car. Refunds range anywhere from $10 to $2,197, before admin fees. It’s possible for the admin fee to cancel out smaller refunds.
To claim a refund you'll need to head over to the Service NSW website and log into your MyServiceNSW account. There's a refund deadline too, 30 September 2018, so there's no rush. To avoid the site crashing again and disrupting licence and registration services, refund applications can be lodged statewide from 7pm until 7am from Monday to Saturday and all day Sunday.
The table below displays how much you might be able to get back.
Average refund amounts (inc GST) based on the month the Green Slip was purchased
| Dec 16 | Jan 17 | Feb 17 | Mar 17 | Apr 17 | May 17 | Jun 17 | Jul 17 | Aug 17 | Sep 17 | Oct 17 | Nov 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Class 1 Motor car | n/a | n/a | $21 | $33 | $45 | $57 | $69 | $73 | $84 | $95 | $105 | $116 |
| Class 3c Goods Vehicle 4.5< 4.5t GVM | n/a | $11 | $24 | $37 | $50 | $63 | $76 | $76 | $87 | $98 | $109 | $121 |
| Class 3d Goods Vehicle 4.5t - 16.0t GVM | n/a | $18 | $36 | $53 | $71 | $89 | $106 | $154 | $175 | $197 | $219 | $240 |
| Class 3e Goods Vehicle > 16.0t GVM | $13 | $57 | $101 | $145 | $189 | $233 | $277 | $354 | $402 | $450 | $498 | $547 |
| Class 7 Taxi-Cab | $102 | $324 | $546 | $767 | $989 | $1,211 | $1,433 | $1,377 | $1,562 | $1,747 | $1,932 | $2,116 |
| Dec 16 | Jan 17 | Feb 17 | Mar 17 | Apr 17 | May 17 | Jun 17 | Jul 17 | Aug 17 | Sep 17 | Oct 17 | Nov 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Class 1 Motor car | n/a | n/a | n/a | n/a | $11 | $15 | $19 | $19 | $23 | $26 | $30 | $34 |
| Class 3c Goods Vehicle 4.5< 4.5t GVM | n/a | n/a | n/a | n/a | $12 | $17 | $21 | $15 | $18 | $21 | $24 | $27 |
| Class 3d Goods Vehicle 4.5t - 16.0t GVM | n/a | n/a | $18 | $28 | $39 | $49 | $60 | $59 | $68 | $77 | $86 | $95 |
| Class 3e Goods Vehicle > 16.0t GVM | n/a | n/a | $19 | $31 | $42 | $53 | $64 | $74 | $85 | $96 | $108 | $119 |
| Class 7 Taxi-Cab | $50 | $166 | $283 | $400 | $516 | $633 | $750 | $1,070 | $1,213 | $1,357 | $1,501 | $1,645 |
| Dec 16 | Jan 17 | Feb 17 | Mar 17 | Apr 17 | May 17 | Jun 17 | Jul 17 | Aug 17 | Sep 17 | Oct 17 | Nov 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Class 1 Motor car | n/a | n/a | $16 | $26 | $35 | $45 | $55 | $55 | $63 | $71 | $80 | $88 |
| Class 3c Goods Vehicle 4.5< 4.5t GVM | n/a | n/a | $18 | $29 | $40 | $51 | $62 | $56 | $65 | $74 | $82 | $91 |
| Class 3d Goods Vehicle 4.5t - 16.0t GVM | n/a | n/a | $17 | $27 | $37 | $47 | $57 | $112 | $129 | $145 | $161 | $177 |
| Class 3e Goods Vehicle > 16.0t GVM | $10 | $48 | $87 | $125 | $163 | $201 | $239 | $263 | $300 | $336 | $372 | $409 |
| Class 7 Taxi-Cab | $103 | $325 | $547 | $770 | $992 | $1,214 | $1,437 | $1,380 | $1,565 | $1,751 | $1,936 | $2,121 |
| Dec 16 | Jan 17 | Feb 17 | Mar 17 | Apr 17 | May 17 | Jun 17 | Jul 17 | Aug 17 | Sep 17 | Oct 17 | Nov 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Class 1 Motor car | n/a | $13 | $28 | $42 | $57 | $71 | $86 | $87 | $100 | $112 | $125 | $138 |
| Class 3c Goods Vehicle 4.5< 4.5t GVM | n/a | n/a | $20 | $32 | $43 | $55 | $66 | $61 | $71 | $80 | $90 | $99 |
| Class 3d Goods Vehicle 4.5t - 16.0t GVM | n/a | n/a | $16 | $26 | $36 | $46 | $56 | $110 | $126 | $142 | $158 | $174 |
| Class 3e Goods Vehicle > 16.0t GVM | $11 | $51 | $91 | $131 | $171 | $210 | $250 | $298 | $339 | $379 | $420 | $461 |
| Class 7 Taxi-Cab | $57 | $187 | $317 | $447 | $578 | $708 | $838 | $1,059 | $1,202 | $1,344 | $1,486 | $1,629 |
| Dec 16 | Jan 17 | Feb 17 | Mar 17 | Apr 17 | May 17 | Jun 17 | Jul 17 | Aug 17 | Sep 17 | Oct 17 | Nov 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Class 1 Motor car | n/a | n/a | $19 | $31 | $42 | $53 | $65 | $62 | $71 | $81 | $90 | $100 |
| Class 3c Goods Vehicle 4.5< 4.5t GVM | n/a | n/a | $16 | $26 | $36 | $46 | $56 | $44 | $51 | $58 | $65 | $72 |
| Class 3d Goods Vehicle 4.5t - 16.0t GVM | n/a | n/a | $20 | $32 | $43 | $55 | $67 | $114 | $130 | $146 | $163 | $179 |
| Class 3e Goods Vehicle > 16.0t GVM | $21 | $82 | $142 | $202 | $262 | $322 | $382 | $397 | $451 | $505 | $559 | $613 |
| Class 7 Taxi-Cab | $105 | $333 | $561 | $789 | $1,017 | $1,245 | $1,473 | $1,430 | $1,622 | $1,814 | $2,006 | $2,197 |
Why were reforms needed?
The 18-year-old system was slow and outdated. An injured person could end up waiting an average of three to five years for compensation. Even minor injuries could take 18 months to resolve.
It was also discovered that only $0.45 out of every dollar was going towards benefits. The rest went towards costs related to the scheme, insurers profit and legal/admin/investigation expenses.
NSW drivers faced some of the highest premiums throughout Australia and without reform, motorists would have just paid higher and higher prices. In the past decade alone, green slip premiums in Sydney had rocketed by more than 85%.
Finally, fraudulent insurance claims were adding up to $75 per green slip.
Something needed to change.
What is the aim of the reforms?
The CTP reforms aim to reduce the time it takes for injured drivers to receive compensation and overall claim timeframes.
Additionally, the way benefits are allocated has changed, with compensation apportioned to seriously injured road users to help with their rehabilitation as they need it, rather than as a lump sum. New support services are available through CTP Assist.
The reforms are also bringing down the cost of green slip premiums by cracking down on insurance fraudsters who make exaggerated or false claims. Thanks to defined compensation for minor injuries like soft-tissue damage, there are fewer incentives to try and game the system.
In car news
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Hi Ben,
Thanks for your inquiry.
You should be able to get refund on green slips for your company vehicle if you have cancelled registration of the vehicle and the RMS has confirmed this in writing. The letter will be used by the insurer to refund the unused portion of the green slip. They may also deduct an administration fee.
Cheers,
May