Green slip refund – how much will you get back?

Changes to the compulsory third party scheme will see motorists get a partial refund on their 2017 premiums.
Changes to the compulsory third party scheme will see motorists get a partial refund on their 2017 premiums.

Some Wollongong motorists could be in line for a refund of more than $2000 on their green slips.

The refunds are part of a NSW government scheme to make the system more affordable, said Finance Minister Victor Dominello.

“Come December 1 we are moving to a lower cost green slip scheme,” Mr Dominello said.

“It’s double good news because, for the overwhelming majority of motorists, it means they will get a partial refund on what they paid in 2017 and a cheaper premium in 2018.”

Going forward, Mr Dominello said an average premium will be $120 cheaper under the new scheme.

The closer to December 1 someone renews their green slip, the greater the refund.

Taxi drivers who renew in November will get the biggest refund – $2206 – with private vehicle owners getting back $108.

Private vehicles owners who renewed in December last year will get just $6 back.

A government spokesman said the date the refunds will be sent out has not been finalised but will be sometime next year.

This story Green slip refund – how much will you get back? first appeared on Illawarra Mercury.