What is CTP insurance (green slip)?
Compulsory third party (CTP) insurance or a ‘green slip’ is a mandatory insurance policy for every registered motor vehicle in Australia (though requirements and coverage vary across the states and territories). In NSW, you must purchase CTP insurance separately from and prior to registration. This is because having a CTP policy in place is a requirement for registering the vehicle and using it on public roads. The length of a CTP policy can be 6 or 12 months but must align with length of the accompanying vehicle registration. What’s covered? CTP provides cover…continue reading →