Suncorp backs no-fault CTP for Queensland
Suncorp has spoken out in support of a no-fault lifetime-care compulsory third party (CTP) scheme in Queensland.
“It’s a cheaper and fairer scheme design,” EGM Personal Injury Portfolio and Products Chris McHugh said.
“Introducing no-fault cover and lifetime care means everyone who suffers a catastrophic injury on Queensland roads will get the care and support they need, for the rest of their life.”
He says the hybrid common law model, the other CTP set-up Queensland is considering under the National Injury Insurance Scheme, does not address the challenge of helping injured parties on a sustainable basis.
“Queensland needs a world-class lifetime care and support scheme that cares for catastrophically injured people for their entire life,” Mr McHugh said. “A hybrid scheme design is more expensive, and lump-sum compensation can often run out, leaving catastrophically injured people without the support they need.”
The state’s current CTP scheme does not provide cover for injured people who are at fault, or in cases where there is no negligent party.
Youth charity Youngcare has also backed the no-fault lifetime-care scheme.
CEO Samantha Kennerley says lump-sum compensation to injured parties can run out, leaving people to rely on welfare and families.
“The Queensland Government has a once-in-a-generation opportunity to fix this situation and ensure those people who find themselves with a catastrophic injury can live the life they deserve,” she said.
State Treasurer Curtis Pitt has launched a public awareness campaign to highlight the National Injury Insurance Scheme, which will start from July 1.