Page 12 - drive a2b FEB 2020 web

NEW
SOUTH
WALES
NEWS Summary of • Vehicle owners (other than to a new Class with
relativities that reflect the
Class 7 or 8) would identify
Options for to insurers via responses to realised risk of that group.
New NSW CTP renewal notices, that they • Owners of these vehicles
are performing passenger will be required to register
Arrangements services.
their vehicles with an RMS
.../continued • If ‘distance travelled’ is Usage code to indicate
an agreed risk rating passenger service usage.
factor – insurers would • SIRA will engage with RMS
be able to decide how to develop a new code; or
this is implemented e.g. use an existing code.
through self-declaration,
data transfer etc., and what • Insurers will identify
weighting to apply within relevant risk rating factors
the bonus malus limits. within this Class that reflect
any risks associated with
Option 5 conducting a passenger
service and will vary
New Vehicle Class premiums within set bonus
malus limits.
Requirements:
• SIRA would work
• All Passenger Service with other relevant
Vehicles will be government agencies
transitioned to a new Class.
such as the Point to Point
Key Changes: Transport Commission to
communicate registration
• Taxis, Private Hire Cars and and insurance changes
other Passenger Service to passenger service
Vehicles would transition
providers.

12 DRIVE A2B magazine · February 2020