CLP Halts Rise in Third-Party Insurance Costs

NT Government

The Motor Accidents Compensation (MAC) contribution of vehicle registration will remain frozen thanks to the Finocchiaro CLP GovernmentTerritorians are saving anywhere between $18 and $52 per vehicle due to this measureIt aligns with the Finocchiaro CLP Government's wider cost-of-living support delivered in the 2026-27 Budget

In a win for local drivers dealing with cost-of-living pressures, the Motor Accidents Compensation (MAC) contribution of vehicle registration will remain frozen thanks to the Finocchiaro CLP Government.

The MAC contribution is a mandatory premium built into all NT registrations, which funds the Territory's compulsory third-party (CTP) insurance (MAC Scheme) to provide no-fault coverage for personal injuries or death from motor vehicle accidents.

This decision builds on a complete freeze on standard registration fees over the past 12 months. With the MAC contribution remaining frozen since 2024, the vast majority of Territory motorists will see minimal changes to their registration notices.

Treasurer and Minister for Logistics and Infrastructure Bill Yan said prudent investment of income from the scheme allowed for the freeze to continue.

"Freezing this premium has been made possible by the strong performance of investment returns from the MAC contribution," Minister Yan said.

"And it is only right that Territorian motorists share in the benefits of this investment to help with the cost of living in our year of growth, certainty and security."

Minister Yan said the typical increases to CTP based on the Consumer Price Index (CPI) would have seen another hit to the back pockets of Territorians.

"We know that every dollar counts for many Territory families right now, which is why we are freezing the MAC component," Mr Yan said.

"Territorians are savings anywhere between $18 and $52 per vehicle thanks to this measure."

Minister Yan said the freeze was one of many initiatives of the CLP to keep costs down for Territory motorists.

"We ended the $68 annual roadworthy inspections in February this year because we knew Territorians with well-maintained, newer vehicles didn't need to jump through hoops for redundant checks."

"And when the Iran fuel crisis hit global markets earlier this year, we took action to keep a very close eye on retailers through the Price Exploitation Prevention Act, ensuring Territorians aren't ripped off at the bowser."

The freeze on costs aligns with the Finocchiaro CLP Government's wider cost-of-living support delivered in the 2026-27 Budget, delivering more than $290 million in concessions, subsidies and targeted household support, including $225 million in power and water concessions and subsidies.

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