Which of the following statements about the 'Property Insurance', 'Motor Vehicle Insurance', 'Health Insurance' and 'Travel Insurance' sections of the lecture material are TRUE:

In Australia, insuring any damage to another person's vehicle is covered under the 'Green Slip' and is required whenever someone renews their registration each year.

The cost of emergency transport by ambulance is covered under the Medicare system in Australia.

Neither of the statements are true $($both are false$)$

Only statement $1$ is true

Only statement $2$ is true

Both statements are true $($neither are false$)$