NSW Legislation updates
Fri Nov 24 2017- The Motor Accident Injuries Act 2017 (NSW) (the Act) establishes a new scheme of compulsory third party (CTP) insurance and the provision of benefits and support relating to people injured as a consequence of motor accidents in New South Wales (NSW). The new scheme commences on 1 December 2017 and applies to motor accidents occurring on or after 1 December 2017.
Pursuant to s 10.2 of the Act, the Motor Accident Guidelines have been published in the NSW Government Gazette. The Guidelines apply to motor accidents occurring on or after 1 December 2017 and take effect on that day. The Guidelines relating to premium determination apply to premium rate filings for all third party policies commencing on or after 1 December 2017. Also made under the Motor Accidents Injuries Act 2017 is the Motor Accidents Amendment Regulation 2017, which commences on 1 December 2017.