Page 2578 - Week 06 - Thursday, 23 June 2011

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Year

CTP

Premium

Registration

Charge

2006

$6,976.95

$535.00

2007

$5,947.70

$556.00

2008

$5,826.80

$579.60

2009

$7,270.50

$599.80

2010

$7,897.80

$620.70

(2) The corresponding position with respect in New South Wales (NSW) is set out in the following chart.

Year

CTP

Premium

Registration

Charge

2006

$6,403.00

$552.00

2007

$6,432.00

$567.00

2008

$6,023.00

$583.00

2009

$6,091.00

$602.00

2010

$6,249.00

$650.00

The New South Wales CTP premium set out above represents the average premium payable across the whole of NSW, including the Sydney -Wollongong - Newcastle metroplex. In addition, NSW includes a Medical Care and Injury Services (MCIS) Levy within the CTP premium. This includes a Lifetime Care and Support component, a component for costs incurred by the Motor Accident Authority (MAA) and ambulance services.

There are also a large number of taxis aligned with various cooperative and liability pool arrangements in NSW that reduce the premium for those taxis significantly (by $2000 plus). Accordingly, this skews the “pure” CTP premium payable by an individual or independent taxicab operator not party to cooperative liability arrangements. The NSW CTP premiums set out above reflect the over-the-counter CTP price for an individual or independent taxi operator.

(3) The table below represents raw numbers largely taken from AFP and TAMS data in respect of the reported number of injuries and property damage. (While this table does not record the total number of crashes, the information reflects the risk profile where more than one person may be injured in a single crash.)

Year

Fatal

Injury

Property

Total

2006

0

5

76

81

2007

0

8

120

128

2008

0

6

133

139

2009

0

17

305

322

2010

0

18

277

295

Total

0

54

911

965

NRMA considers that the underlying problem is that taxis in the ACT travel faster and simply hit objects and other vehicles harder with more people in them than the typical family car. Consequently, injuries suffered by taxicab passengers are likely to be more serious than for other motorists in the typical course of events. As the data in answer to questions (4) and (6) therefore shows, in connection with a small market (as at the 2/04/2011 there were 310 registered taxis) with the above injury numbers,


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