Page 1108 - Week 04 - Tuesday, 5 April 2016
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In summary, while the introduction of competition has led to lower premiums for motorists, competition can only deliver limited premium reductions in the years ahead, and meaningful reform of the scheme is required to deliver significant premium reductions.
I note with interest that the New South Wales government is currently undertaking a public consultation process on its CTP scheme—“On the road to a better CTP scheme: options for reforming green slip insurance in New South Wales”. The findings in the New South Wales consultation paper and the aims of that consultation process reflect many similarities with the findings of the ACT’s scheme review. Among other things, the New South Wales option paper is designed to reduce the cost of premiums and increase the proportion of benefits provided to the most seriously injured road users.
As I am sure members who were here at that time will recall, the government’s Road Transport (Third-Party Insurance) Amendment Bill 2011 attempted to reform the CTP scheme and was designed to address many of the issues raised in our ACT review and in the New South Wales reform paper. The bill specifically addressed the scheme design issues and its impact on efficiency, effectiveness and the cost of premiums. Unfortunately, the opposition chose at the time not to support the reform bill.
Madam Speaker, the findings of the review and the current New South Wales current consultation process will be invaluable in the consideration of future reform of the ACT CTP scheme It is important that our CTP scheme continues to be improved so that the needs of those injured in motor vehicle accidents, including rehabilitation and a speedy resolution of claims, continue to be met. I commend this report to the Assembly.
Papers
Mr Gentleman presented the following papers:
Mr Fluffy loose-fill asbestos—Update on the ACT Government response to the issue—Quarterly report—1 October to 31 December 2015.
Subordinate legislation (including explanatory statements unless otherwise stated)
Legislation Act, pursuant to section 64—
Health Act—Health (Protected Area) Declaration 2016 (No. 1)—Disallowable Instrument DI2016-26 (LR, 21 March 2016).
Magistrates Court Act—Magistrates Court (Health Infringement Notices) Regulation 2016—Subordinate Law SL2016-4 (LR, 29 February 2016).
Medicines, Poisons and Therapeutic Goods Act—Medicines, Poisons and Therapeutic Goods Amendment Regulation 2016 (No. 1)—Subordinate Law SL2016-5 (LR, 29 February 2016).
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