Green slips to cost less in NSW

Money Magazine Australia - - IN BRIEF -

NSW car own­ers will be pleased to hear that from De­cem­ber 1 most CTP green slips will cost less. You may even be en­ti­tled to a re­fund if you’ve pur­chased or re­newed a green slip this year. “The re­fund will ap­ply to the owner of the ve­hi­cle at mid­night on Novem­ber 30 and will be cal­cu­lated on a pro-rata ba­sis. That is, the closer you pur­chase a pol­icy to De­cem­ber 1, the greater your re­fund will be,” says the State In­sur­ance Reg­u­la­tory Author­ity (SIRA). It says that all peo­ple who are en­ti­tled to a re­fund will be no­ti­fied and given in­for­ma­tion on how re­funds will be pro­vided. Most peo­ple will start to re­ceive their re­funds from Jan­uary 2018. Visit sira.nsw.gov.au for more de­tails.

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