CTP insurance is linked to the vehicle, not the owner. So if you sell your vehicle, the CTP policy will be transferred to the new owner. The TfNSW notify the CTP insurer of this change.

Similarly, if you purchase a registered vehicle, the CTP insurance will already be placed with a CTP insurer. 
If you have Motor Vehicle Insurance (not CTP) with GIO and you buy a new vehicle or sell your vehicle, you need to contact us to let us know.

Learn more about CTP insurance