It turns out the ACT has a CTP regulator called Megan Smithies.
She has today announced that Compulsory Third Party Insurance from 1 September will be going up:
The ACT CTP regulator, Megan Smithies, tòday announced that compulsory third party (CTP) insurance premiums charged by NRi\/IA Insurance for most ACT motor vehicles will increase by 10 per cent with effect from 1 September 2012.
“The new premium for a family car will be $578.70, an increase of $52.10,” Ms Smithies said.
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Approval of new premiums follows an extensive actuarial review process. Under the CTP legislation, licensed insurers are required to charge premiums that will fully fund their present and future liabilities under the legislation to people injured in road crashes but which are not excessive.
“Based on independent actuarial advice, i am satisfied that new premiums are soundly based and are not excessive,” Smithíes conciuded.