Well not quite.
Since NSW CTP is regulated and only the Big 4 have licences they use it to their advantage to fund other classes of business. So they make life difficult for the small companies trying to gain market share in personal lines for example. This is the same problem with the Big Banks. Alec Baldwin has it right - there is something wrong with Australia when large companies are allowed to abuse their market position. And abuse it is. The abuse does not look like ending anytime soon.
Well not quite. Since NSW CTP is regulated and only the Big 4...
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