How CTP insurance and the TAC work
Victoria’s compulsory third party (CTP) insurance scheme is administered by the Transport Accident Commission (TAC).
CTP is the type of car insurance that pays for injuries on the roads. It’s mandatory all over Australia, but works differently in each state.
CTP is an insurance policy that’s paid for when you register a car in Australia.
How it works in VIC
If you’ve been in a road accident, you can contact TAC. It’s a no fault scheme, designed to compensate injured parties regardless of who is found to be responsible for an accident.
It can pay for necessary:
- Ambulance, hospital and nursing services
- Treatment and support for severely injured or disabled people
- Rehabilitation services
- Medical services
- Therapy services
- Household and community support services
- Medical and equipment
- Travel expenses for the purposes of receiving necessary treatments
- Compensation for loss of income
- Lump sum compensation
Generally, the idea to make sure that anyone who’s injured in a road accident is able to access the full range of medical treatments, compensation and support services they need, for anything that’s related to injuries they sustained in their accidents.
A portion of your car registration fees go towards paying for this, while a significant portion also go towards road safety campaigns. After all, the prevention’s better than the cure.
What does CTP insurance no cover?
It does not cover anything not related to injuries suffered in a road accident, or anything that will not help you.
But within those strict boundaries, it can pay for a wide range of things.
Do I need any other cover?
CTP insurance is mandatory, and automatically gotten with vehicle registration.
But it does not cover any kind of damage to your vehicle, or your liability for damage to another person’s property.