I'm not sure of the terms used here but I think it is part of the registration process according to Ben. In Oz with our rego we have mandatory "compulsory third party insurance" . This does not cover vehicles but people, hospital, ambulances etc.
Could this "TPG" be the same thing and if so is it correct that it only covers 50% of costs?
Thank you Lefties for pointing out the issue with the TAX TITLE, we will look into that as well.
Mark, we will check with the bank as well as asking the neighbours about comprehensive insurance.