Changes to the ACT’s motor accident compensation laws currently under consideration by the Government will strip away your right to proper compensation if you are involved in a motor accident. This will have significant and wide-ranging effects on ACT’s cyclists who will, in effect, be left to fend for themselves.
Insurance companies have lobbied hard to press for these changes. Why?
Under the proposed scheme they will have to pay out less in compensation to injured persons thereby increasing their profits. The changes proposed in the Motor Accident Injuries Bill 2008 give insurers overwhelming power in relation to the provision of compensation to persons injured in a motor vehicle accident.
Based on the Government’s own modelling, the changes will result in a dramatic reduction in compensation available to about 90% of people injured on the road through the fault of another. This will occur through the use of extensive arbitrary and inappropriate thresholds designed to exclude injured people from receiving compensation commensurate with the extent of their injury, loss and damage. Stand up for your rights and voice your concerns to your local Legislative member. For more information go to http://www.actctp.org.
Or contact James Treloar, Partner, at Maliganis Edwards Johnson http://www.mej.com.au.