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ESL Levy Here To Stay!

June 13, 2017

Looks like Emergency Services Levy will stay for a little longer. This levy is only paid by insurance purchasers and funds Fire Fighters & SES etc in NSW. This tax is an unfair levy on insurance policies as everyone in the community has access to the services but only insurance purchasers pay the levy. Please note this levy adds over 20% to most home & contents insurance policies and over 30% to business insurance policies.

 

The insurance industry has fort for decades to remove this levy and move it to land rates (that way all of the community contributes to the levy) which is a fair way for the levy to be charged.

 

There is a lot of uncertainty about if the levy will move or stay with insurance policies.

 

http://www.insurancenews.com.au/regulatory-government/insurers-face-pricing-scrutiny-as-nsw-delays-esl-axe

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