What is a green slip?

A green slip is a type of insurance policy required for all registered vehicles in New South Wales, Australia, before they can be driven on public roads. This policy is also known as Compulsory Third Party (CTP) insurance and provides cover for personal injury or death caused to another person in an accident where the driver of the insured vehicle is at fault. The green slip is issued by an authorized insurer and must be renewed annually at the time of registration. The cost of the green slip varies depending on factors such as the type of vehicle, its age and the driver's age and driving history. It is important to note that the green slip does not cover damage to property or any injuries or deaths caused to the driver or passengers of the insured vehicle.