Green Slip premiums to reduce by $120

Save on Green Slips: Parramatta MP Geoff Lee and Finance MInister Victor Dominello announced the news during a visit to the ServiceNSW centre in Parramatta last week.

Save on Green Slips: Parramatta MP Geoff Lee and Finance MInister Victor Dominello announced the news during a visit to the ServiceNSW centre in Parramatta last week.

Motorists will soon save around $120 on green slips when a new scheme comes into effect in December.

Finance Minister Victor Dominello announced the great news during a recent visit to the ServiceNSW centre in Parramatta.

“A review last year found NSW Green Slips ranked one of the least affordable in the country, having risen by 85 per cent over the last 10 years,” Parramatta MP Geoff Lee said. “Currently, just 45 cents in every green slip dollar goes to injured road users. The remainder goes towards costs such as legal fees, insurer profits and medical fees.”

The  review found people injured on NSW roads waited on average 3-5 years for a substantial payment. The new scheme will reduce premium costs, insurer super profits and delays in the payment of benefits, and target fraudulent claims.

  • Details: sira.nsw.gov.au.
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