Reporting of CTP claims costs by legal practitioners in NSW is now lodged via an online portal.
The State Insurance Regulatory Authority (SIRA) has launched a new Claims Costs Disclosure (CCD) portal to capture settlement costs data relating to Compulsory Third Party (CTP) damages claims made under the Motor Accident Injuries Act 2017 (MAIA).
Legal practitioners representing a CTP claimant must provide SIRA with a breakdown of costs related to the settlement of the claim, including:
- the total amount for which the claim was resolved;
- all deductions, including all legal costs and disbursements;
- the total amount paid to the claimant.
CTP claims costs for damages claims settled on or after 1 March 2023 need to be lodged via the new portal. Retrospective disclosure prior to 1 March 2023 is not required. Registration for the portal has been available since 8 February 2023.
The By Lawyers Motor Vehicle Accident – From 1 December 2017 (NSW) guide has been updated accordingly.