Big changes could be on the way for car registrations in NSW, which could impact small business owners running vehicle fleets.
The proposed changes, including reduced fees for vehicles with high safety ratings, as well as green vehicles, have been released to the public for consideration and discussion.
These would be the biggest changes to light vehicle registration in NSW in 90 years, and would apply to new passenger vehicles and motorcycles, and all caravans and light trailers. The current systems are dated, and certainly require upgrades in even basic areas such as registration payments.
Passenger vehicle registrations would be changed from ones based on weight to include safety and environmental criteria. The current flat registration fee with motorcycles would be changed to include incentives for lower power-to-weight ration vehicles.
Purchasing greener and safer vehicles won’t be a difficult undertaking, however, as the majority of newer models feature small engine variants and green options.
“The new pricing system would have a positive impact on efforts to drive down road accident rates,” said Minister for Roads Duncan Gay.
“Road crashes cost the NSW community more than $5 billion per year, so initiatives geared at encouraging motorists to choose safer vehicles will help to lower these costs.”
Minimising the risk of accidents is highly important, especially in a rapidly growing state such as NSW. These changes could prove useful over the next few years.
With WestConnex on the way in Sydney, and the likely increase in road traffic that will follow, lowering the chance of crashes will be especially important.
Taking out a motor vehicle policy with MGA is the best course of action for businesses. If you’d like help finding a cover, get in touch with the MGA team today.