Australia: Industry consultations on reforming emergency services levy (New South Wales)

NSW is the last state in Australia to rely on a levy on insurance to fund emergency services

Industry consultations on reforming the “emergency services levy” (New South Wales)

The New South Wales (NSW) government issued a release announcing industry consultations on reforming the “emergency services levy.”

The consultations follow the state premier’s announcement that the state government would remove the emergency services levy from insurance to help reduce premiums for households and businesses.

According to the NSW Treasurer, NSW is the last state in Australia to rely on a levy on insurance to fund emergency services, which has also resulted in the state having one of the highest average insurance costs for business and households in the country due to the emergency services levy on insurance.

A public consultation paper on how best to reform emergency services funding will be released early next year.



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