In Australia, Compulsory Third Party (CTP) insurance—often referred to as a "Green Slip" in some states—is strictly mandatory for every registered vehicle before it can legally be driven or parked on public roads. However, CTP insurance exclusively covers personal injury or death caused to other road users, pedestrians, or passengers, and it does not cover any property damage. Optional third-party property damage insurance, which covers financial liabilities if you crash into someone else's car or property, is not legally compulsory, though it is strongly recommended for financial protection.
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