The point-to-point transport industry’s compulsory third party (CTP) model, including rise-share services like Uber, is to be reviewed by the NSW Government.

The review will clarify the CTP price and examine regulatory disparities between taxis, hire cars and ride-share services.

“With the emergence of ride-share services… the NSW CTP scheme now faces a number of challenges in ensuring the insurance framework supports ride-share services on a level playing field alongside traditional forms of point-to-point transport,” the State Insurance Regulatory Authority says.

There are 5 million greenslip holders in the state, and the scheme provides benefits to no-fault injured road users. Taxis and hire cars are insured as a separate vehicle class, but ride-share services are mostly included in the general pool of passenger vehicles. 

The NSW Government legalised ride-sharing last December. It has released a discussion paper on the matter, available here.

Its public consultation closes on April 8, and it plans to announce its response in the second half of the year.

The Insurance Council of Australia (ICA) has welcomed the review.

In a submission last year to the NSW Point to Point Transport Taskforce, ICA advocated a separate class of CTP cover for ride-sharing services.

In the ACT a separate class will come into force on April 1.