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We closely monitor trends that could influence the performance of Queensland’s CTP insurance scheme.

Low wage growth summary and implications

Wage inflation is one of several factors that influence the calculation of CTP insurance premiums. Low wage growth in recent times has created some challenges around how to factor this into premium determination. We commissioned MMI Advisory to provide a brief report on this, with specific focus on a recent Reserve Bank of Australia conference on low wage growth. Discover more in the report below.

Last modified 20 September 2019