AUSTRALIAN CAPITAL TERRITORY
MOTOR VEHICLE (THIRD PARTY INSURANCE) REGULATIONS
EXPLANATORY MEMORANDUM
No. 9 of 1978

		The object of the Motor Vehicle (Third Party Insurance) Regulations 1978 No. 9 is to increase maximum third party insurance premiums under the Motor Traffic Ordinance 1936 as recommended by the A.C.T. Third Party Insurance Premiums Advisory Committee.

		Regulation 16 of the Motor Vehicle (Third Party Insurance) Regulations (the principal Regulations) has been amended to increase the maximum amount of premium that may be charged in respect of a third party policy for a trader’s plate from $98.00 to $100.00.  The First Schedule of the principal Regulations has been amended to increase the maximum amount of premium which may be charged in respect of a third party policy for a motor vehicle of any classification expressed in Part I of that Schedule.

		The following table lists the classifications of motor vehicles.  Opposite each classification in column A is the previous maximum premium and in column B is the current maximum premium.
MAXIMUM RATES OF PREMIUMS
Item	Classification	A
Previous
Maximum
Premium	B
Current
Maximum
Premium	
		$	$	
1	Private Motor Car	98.00	100.00	
2	Business Car	98.00	100.00	
3	Goods vehicle –
(a)	where the unladen weight does not exceed 2 tonnes
(b)	where the unladen weight exceeds 2 tonnes	
98.00
191.30	
100.00
196.00	
4	Primary Producer’s Goods Vehicle –
(a)	where the unladen weight does not exceed 2 tonnes
(b)	where the unladen weight exceeds 2 tonnes	
74.40
60.40	
77.00
62.00	
5	Omnibus or Tourist Motor Vehicle –
(a)	where the vehicle has seating accommodation for 
more than 6 adult persons (including the driver)
(b)	where the vehicle has seating accommodation for
not more than 6 adult persons (including the driver)	

261.40

98.00	

267.00

100.00	
6	Taxi	425.00	482.00	
7	Private Hire Car	191.30	196.00	
8	Drive-Yourself Vehicle	284.80	291.00	
9	Motor Cycle –
(a)	where the capacity rating of the engine of the motor
cycle exceeds 250 cubic centimetres
(b)	where the capacity rating of the engine of the motor
cycle exceeds 125 cubic centimetres but does not
exceed 250 cubic centimetres
(c)	where the capacity rating of the engine of the motor
cycle does not exceed 125 cubic centimetres	

116.50

74.40

23.00	

119.00

77.00

24.00	
10	Fire Fighting Vehicle	8.90	10.00	
11	Undertakers Vehicle	98.00	100.00	
12	Motor Breakdown Vehicle	51.00	53.00	
13	Trailer	8.90	10.00	
14	Miscellaneous Vehicle	51.00	53.00	
15	Primary Producer’s Tractor	23.00	24.00	
16	Mobile Crane	284.80	291.00	
17	Veteran Vehicle	27.60	29.00	
18	Vintage Vehicle	27.60	29.00