What will it take to make the Emergency Services Levy fair in NSW?

What will it take to make the Emergency Services Levy fair in NSW?

As many readers would appreciate, I have long been an advocate for the removal of emergency services levies on general insurance. Back in June 2012, I reported that the NSW Government was entering into a public discussion on the fairness or otherwise of having those prudent and risk averse to fund the majority of the fire services levy. A White Paper then came out from […]

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MFB also charging for fire extinguishment

MFB also charging for fire extinguishment

In January 2019, a fire occurred at a premises in Cambellfield that recycled a number of items and among this lithium batteries. In this case, the Melbourne Fire Brigade rang the landlord seeking a guarantee that they would meet the cost of excavators needed to assist in the extinguishing of the fire. As I understand it, the tenant also received a call, as did the […]

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Charges on top of charges when it comes to ESL

Charges on top of charges when it comes to ESL

As readers will know I have been quite vocal regarding the New South Wales government’s decision to renege on their commitment to remove the Emergency Service’s Levy from insurance. With the fire services, many of us think that anyone paying the emergency services levy receives the services of the fire brigades for free. This is not the case. If the site contains toxic chemicals or […]

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I fully support the review of Fire Service Levy in NZ

I fully support the review of Fire Service Levy in NZ

It was a nice way to end a tough week to read in InsuranceNEWS that the New Zealand Government is looking at alternatives to having the fire service levy heavily funded by insurance. There is absolutely no doubt that people buy less insurance when the price goes up. We saw it here in Victoria before the Black Saturday bush fires, in North Queensland due to […]

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Why should NSW Insureds foot the majority of the bill for improvements in emergency services?

Why should NSW Insureds foot the majority of the bill for improvements in emergency services?

It is disappointing to me that at a time when insurance premiums are rising, and will no doubt rise further with the various natural catastrophes occurring around Australia, that the NSW government are seeking to increase the Emergency Services Levy on those that are prudent enough to Insure. The whole collection method is already a nightmare. Let me explain why. The NSW Government (Treasury) sets […]

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How could the NSW Government get it so wrong on the removal of the Emergency Services Levy (TAX)?

How could the NSW Government get it so wrong on the removal of the Emergency Services Levy (TAX)?

I read the article in insuranceNEWS in which it was reported that the NSW parliamentary Legal Affairs Committee, which held an inquiry to consider the impact of the abandoned reform, “found the NSW Government’s failed implementation of [the reform] was a poor public policy decision, undertaken without adequate understanding of the complexities of the issue or the impacts of the proposed reforms.” What beggars belief is that […]

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ICNZ’s fight to remove unfair FENZ levy

ICNZ’s fight to remove unfair FENZ levy

As reported in Insurance News, New Zealand Insurers are working once again to abolish the unfair fire and emergency services levy imposed on Insurance policies. Those who have followed me for a while know the hard work we have put in to fight the same thing here in Australia, where we have been successful in Victoria and through www.NoTaxOnInsurance.com where we continue our efforts for the […]

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Terrorism Levy – Another hidden tax on insurance – You will be surprised just how much – a whopping 45% of terrorism levy collected.

Terrorism Levy – Another hidden tax on insurance – You will be surprised just how much – a whopping 45% of terrorism levy collected.

Where do we start on this thorny issue… Point 1. Report after report urges governments to remove taxes on insurance. The Federal Government’s Productivity Commission inquiry on “Competition in the Australian Financial System” released earlier this year is the latest to do so. In fact, every time the issue has been looked at, going right back to the Royal Commission into the collapse of HIH, […]

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Draft Report to Government argues for the removal of distortionary taxes.

In catching up on my reading I was drawn to a draft report which was released on 7 February 2018. The final report is expected to be handed to the Australian Government by 1 July 2018. Under the Productivity Commission Act 1998, the Government is required to table the report in each House of the Parliament within 25 sitting days of receipt. The section that I […]

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Another broker angry at the NSW Government

I received this email last night and it mirrors many phone calls and emails I have received. “The NSW ESL Insurance Monitor has now gazetted a new Section 30 Notice which requires premium comparisons to be provided with renewal invitations and renewal schedules for residential property insurance in NSW from 1 July 2017.” At what point does the State Government pull their head in & […]

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