How to claim your green slip refund
The NSW government is expected to return a total of $300 million in green slip refunds to over 4 million eligible vehicle owners before September 30.
The government is handing back refunds up to $120 due to reforms to the compulsory third party (CTP) insurance scheme that have reduced CTP premiums by up to $172 per year.
In Australia, NSW motorists are paying more for their CTP insurance than any other state, with an average premium costing $710.
“There is still millions of dollars left to be claimed,” Finance Minister Victor Dominello said.
“Eligible motorists have until September 30 to pocket their refund through Service NSW, which is simple and easy.
“The new CTP scheme is delivering a big win for motorists through lower premiums, greater protections for those injured on the road and refunds on premiums paid during 2017.”
Refunds vary depending on the date of policy purchase, type of vehicle and the owner’s location. Motorcycle owners will not receive a refund but are expected to receive more benefits under the new scheme.
How to claim your refund
To clam your refund, go to the Service NSW website and login into your MyServiceNSW account. If you don’t have an account, you can create one here.
You can also claim your refund in-store or on the phone by calling 1300 287 733.
The minimum refund amount is $10 and the maximum is $120. Each refund claim is subject to an administration fee of $7.87, which means you have to be eligible for $17.87 or more to get any money back.
The refund will take up to 10 working days and will be transferred into your back account. If you don’t claim your refund by September 30, the money will go towards a reduction in the medical services levy next year.
Have you received your refund yet? Let us know in the comments below.