The NSW Government has raised the upper limits on damages for motor accident injuries or death under its compulsory third party scheme.

From October 1 the Motor Accidents Authority (MAA) cap for non-economic loss moved to $492,000 from $477,000.

The maximum amount for past or future economic loss due to lost earnings or earnings capacity increased to $4512 per week from $4376.

The changes apply to all damage assessment made by the Claims Assessment and Resolution Service or courts.

The MAA has also approved new greenslip guidelines to “encourage innovation and better competition in the market, while ensuring equality of access to greenslips for all vehicle owners, including those in high-risk groups”.

The authority is developing a new format for greenslip certificates to improve customer information and allow for electronic transfer and print-at-home capabilities.

The format will also minimise opportunities for fraud, the MAA says.

Meanwhile, Roads and Maritime Services (RMS) has begun creating a facility for the real-time integration of insurer and RMS systems, with a target completion date of next March.

“This will allow insurers to validate customer information in real time, ensuring correct quotes are provided and assisting insurers to minimise opportunities for fraud and short payment,” the MAA says.

Further work on greenslips is planned, including reviews in response to recent recommendations from the NSW Parliament’s Law and Justice Committee.

Options to enhance the claim notification and accident reporting process will also be explored.