• State Insurance Regulatory Authority

Green Slip refunds

Just a reminder about the Green Slip refund.....have you claimed it yet.

A refund will be offered to eligible people from January 2018.

This is because CTP Green Slip prices will be reduced for most classes of vehicles* from December 2017 when the new scheme starts. So, if you purchase or renew your Green Slip before 1 December you will be paying pre-reform prices.

The refund will apply to the owner of the vehicle as at midnight 30 November and will be calculated on a pro-rata basis. That is, the closer you purchase a policy to 1 December, the greater your refund will be.

Tip: If you are renewing your Green Slip now, there is no need to take out a six month policy. In fact, six month policies are more expensive than 12 month policies, so in the long run you may be better off financially to renew for 12 months and wait for your refund.

See the below link for more information.

Refunds need to be claimed by 30 September 2018.

*Motorcycle owners will not receive a refund. Instead, injured motorcycle riders will get more benefits and their prices won’t increase. See the below link for more information.

State Insurance Regulatory Authority (SIRA) Link


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COMPASS financial management (A.B.N. 43 235 905 061) is an authorised representative of Charter Financial Planning Ltd, Australian Financial Services Licensee


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