20 Sep '16, 2am

Compulsory Third Party Insurance Reform Critical to a Fair Go:

Compulsory Third Party Insurance Reform Crucial to a Fair Go 20 September 2016 | NSW Taxi Council The NSW Taxi Council today said that reform to the Compulsory Third Party (CTP) insurance scheme is vital for the future viability of the taxi industry. The present scheme is poorly structured, does not reflect the changing nature of the commercial use of vehicles, is highly inefficient and leads to protracted legal disputes which results in premiums being much higher than what is necessary. This has significant flow-on effects to industries such as the taxi industry which is paying 11 times more than its competitors and that of the average motorist. CEO of the NSW Taxi Council Mr Roy Wakelin-King said, “Taxi owners in Sydney are now paying over $9,000 for their CTP greenslip insurance whilst Uber drivers are paying less than $800. This is clearly unfair and unsustainable.” “W...

Full article: https://nswtaxi.org.au/news/compulsory-third-party-insura...

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