Australian Capital Territory Numbered Regulations

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ROAD TRANSPORT (THIRD-PARTY INSURANCE) REGULATIONS 2000 (2000 NO 6) - REG 11

Maximum premiums (TPI reg 16)

(1)      The maximum premium that may be charged for a third-party policy applying to a vehicle of a classification mentioned in column 2 of an item of the Schedule, or a trader's plate, is—

        (a)     if the policy is for 1 year—the appropriate amount mentioned in column 5 of the item; and

        (b)     if the policy is for any other period—an amount worked out in accordance with the following formula:

$0.75

(2)      In subregulation (1)—

"N" means the number of months of the policy (counting part of a month as 1 month).



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