Follow Us

Please reload

Recent Posts

NIBA keen to make case at NSW fire levy hearing

May 17, 2018

The NSW inquiry into the future of the fire and emergency services levy will hold a hearing on August 13.

A parliamentary committee is examining funding alternatives after plans to remove the levy on insurance premiums and replace it with a council rates charge were put on hold last year.

The insurance industry believes taxes on insurance are inefficient and encourage underinsurance, and was hugely disappointed with the Government’s announcement last May.

The Insurance Council of Australia says the last-minute backflip cost insurers more than $40 million.

No agenda or further details about the hearing have been released, but the National Insurance Brokers Association sees an opportunity to put the industry’s position.

“We’ve given a strong indication that we are keen to appear and give the industry’s perspective,” CEO Dallas Booth told insuranceNEWS.com.au.

“[The levy] is a massive cost that should not be there. The Government has got to get its property levy modelling right and then take it from there.”

#phoenix_risk_services 

Share on Facebook
Share on Twitter
Please reload

Please reload

Archive

  • Grey Facebook Icon
  • Grey Twitter Icon
  • Grey LinkedIn Icon

Phoenix Risk Services Pty Ltd / ABN 12 617 229 188 / AR 1252319 || Licensee: PSC Connect Pty Ltd ABN 23 141 574 914 AFS License No 344648

Privacy | Complaints

 

Phoenix Risk Services Pty Ltd endorses the Insurance Brokers Code of Practice. To obtain a copy of the code click here