CTP Insurance Qld
Qld CTP Insurance
All vehicle owners in Queensland must have CTP insurance. If you are injured in a motor vehicle accident, you must prove in court that another driver was negligent. This is because the Qld compulsory third party (CTP) scheme is a common law, fault-based scheme. While the CTP insurance Qld scheme pays compensation according to the type and extent of injury, you may get less if you were partly at fault.
Since July 2016, someone seriously injured in an accident in Qld may claim lifetime treatment, care and support under the National Injury Insurance Scheme (NIIS). National Injury Insurance Agency Queensland runs NIIS and drivers have paid an NIIS levy on registration since October 2016.
CTP insurance is heavily regulated in Qld because private insurers are providing insurance for a compulsory public scheme. Currently, the government is investigating insurer profit and affordability of the CTP scheme.
The Motor Accident Insurance Commission (MAIC) oversees the Qld CTP scheme. Its tasks are to:
- Keep premiums affordable
- Make sure people in road accidents are compensated
- Regulate insurer activity and premium limits.
Vehicle owners fund MAIC with a levy on their CTP insurance premium.
Insurers set their own premiums for Qld CTP and base prices on:
- Class of vehicle, eg, cars and station wagons are class 1
- Whether use is private (no input tax credit) or for business (with input tax credit)
- Period of registration – 6 or 12 months (or 3 months also for trucks).
In Queensland and everywhere in Australia except NSW, the registration fee already includes CTP insurance. Vehicle owners registered in Qld can choose from four CTP providers licensed to offer CTP insurance in Qld:
- RACQ Insurance
You can contact MAIC for information about CTP insurance Qld, how to make a claim, or other concerns about CTP.
Regulator: Motor Accident Insurance Commission (MAIC)
Phone: 1300 302 568
Visit: Level 9, 33 Charlotte Street, BRISBANE Qld 4001