find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Legal Counsel
Category: Corporate and Commercial Law | Location: North Sydney NSW 2060
· 18 month fixed term contract · 3-5 years PQE with TMT exposure
View details
NSW to grapple with failures of CTP scheme

NSW to grapple with failures of CTP scheme

People who are injured on NSW roads have been let down by a system that was meant to support them, NSW State Insurance Regulatory Authority (SIRA) chief executive Anthony Lean has said.

The lawyer and deputy secretary for the NSW Department of Finance, Services and Innovation’s Better Regulation Division told Lawyers Weekly that people are needlessly suffering under the shortcomings of Compulsory Third Party (CTP) insurance.

According to Mr Lean, the wait for those who have sustained injuries from an accident on the state’s roads is too long.

"Injured people are waiting too long to receive benefits. The average time for a claim to settle is three to five years and even minor injuries – such as whiplash – take on average 18 months to settle," Mr Lean said.

"Injured road users are also not receiving a fair share of benefits. Only 45 per cent of CTP funds end up in the hands of injured road users. The rest is absorbed by scheme-related costs and provider expenses," he added.

SIRA is considering different ways to reform the NSW CTP scheme which has been operating since 1999. Among the key issues the authority hopes to address are a rise in suspicious fraudulent claims and green slip prices.

Mr Lean said NSW enjoys some of the most expensive premiums in Australia.

"Vehicle owners are paying too much for their green slips. NSW premiums are on average over $600, among the most expensive in Australia, and are set to rise even further in the near future unless something is done," he said.

The NSW government has invited comment on an options paper entitled On the road to a better CTP scheme.

"The legal profession has made a valuable and constructive contribution to discussions on reforming the scheme and we look forward to further engagement with them," Mr Lean said.

"The government has no pre-determined position on reform. Our only focus is to make the scheme work as it was originally intended for injured people," he said.

"The only issue is how we reform the scheme to make it fairer for injured people and more affordable for vehicle owners."

Mr Lean will speak about the NSW CTP scheme as part of a Specialist Legal Conference to be held in Manly tomorrow.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

NSW to grapple with failures of CTP scheme
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
LCA president Fiona McLeod SC
Aug 17 2017
Where social fault lines meet the justice gap in Aus
After just returning from a tour of the Northern Territory, LCA president Fiona McLeod SC speaks wit...
Marriage equality flag
Aug 17 2017
ALHR backs High Court challenge to marriage equality postal vote
Australian Lawyers for Human Rights (ALHR) has voiced its support for a constitutional challenge to ...
Give advice
Aug 17 2017
A-G issues advice on judiciary’s public presence
Commonwealth Attorney-General George Brandis QC has offered his advice on the public presence of jud...
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...