Page 5012 - Week 13 - Thursday, 2 November 2017
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Higher CTP premiums in the ACT are largely due to the factors outlined above, with higher average weekly earnings in the ACT being only one factor.
(2) Yes, though most claimants are legally represented – whether or not the matter settles or goes to court. Based on available data, nearly three quarters of claims finalised in 2016 17, associated with accidents occurring across multiple years under the Road Transport (Third-Party Insurance) Act 2008, were legally represented.
Insurance—third-party
(Question No 682)
Ms Lee asked the Treasurer, upon notice, on 22 September 2017 (redirected to the Acting Treasurer):
Has the Government stated that the average Compulsory Third Party Insurance premium in the ACT is $591.20; if so, what is the total value of all government fees, levies and charges included in this average premium.
Ms Fitzharris: The answer to the member’s question is as follows:
The figure you are referring to is on page 5 of the document “Understanding Compulsory Third Party (CTP) Insurance in the ACT” on the website https://yoursay.act.gov.au/ctp. Figure 2 provides a comparison of CTP premiums across Australia as of 1 July 2017. For comparison purposes, the CTP premiums in Figure 2 include the equivalent Lifetime Care and Support Scheme, CTP and related levies.
The ACT comparative amount in Figure 2 is $591.20. This is based on a CTP premium of $555.20, the $35.00 Lifetime Care and Support Levy and the CTP Regulator Levy of $1.00.
Note: CTP insurance premiums are not Territory revenue. Premiums are collected at the time of vehicle registration on behalf of CTP insurance providers.
Insurance—third-party
(Question No 683)
Ms Lee asked the Treasurer, upon notice, on 22 September 2017:
(1) Given that information published on the Government’s yoursay.ctp website indicates that legal and investigation fees in 2015-2016 were the second highest expenditure category for the Compulsory Third Party scheme, what is the range of costs included in investigation costs.
(2) Do the investigation costs include medical investigation costs.
(3) What is the proportion of investigation costs included in the legal costs category.
Mr Barr: The answer to the member’s question is as follows:
(1) Investigation costs include the insurer looking into the circumstances of the accident (as fault needs to be established), the nature of the injuries and determining whether
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