No news article has caused my phone or email to run to hot as the one announcing the New South Wales back flip on the removal of the State’s Emergency Services Levy earlier this week.
Let us review the facts. The New South Wales government are the last mainland state in Australia to remove the levy. They did not have to reinvent the wheel, all they had to do is copy one of the other states that have gone through the change with little or no drama and pick the one that worked best.
They chose Victoria to model their change on, which to my thinking was the most unfair for the public, but created the greatest windfall for government and made it the most difficult for the insurance industry. (But this was all masked by beating up on the insurance industry).
The NSW government also engaged, with huge fan fare, high profile chest beating Allan Fels to oversee it all.
Now a few people complain and with just one month to go it all gets put on hold. Like all the people who wrote or phoned me, I cannot believe this has occurred.
My own wife came into me shaking her head as she had paid the rates on our Sydney offices including the new Emergency Services Levy. How many other businesses would have done the same. Do we get this back before we get a new invoice from our insurer asking for it from them for them to comply? Think of all the extra work this will create for local authorities, the insurance industry, and business and home owners.
The irony here is that, within the insurance industry, every one of us should be, with only one month to go, applauding the NSW Government for removing the disincentive for full insurance and grossly unfair hidden tax. Instead we are shaking our heads in complete disbelief! View full post…