The following changes to the fire service levies (“FSL”) in NSW and Victoria have been decided by the relevant authorities.
- The rate for country Victoria householders/owners increased from 19% to 20%.
- The NSW householders/owners rate has been reduced from 20% to 19%.
Please note that the following changes have been recommended to insurers by the ICA to be adopted forthwith, but to be effective not later than 1 May 2007. As ICA cannot dictate an effective date for the changes, brokers will have to check this with the individual insurers.
For more details on the FSL, log on to NIBA’s tax information website at www.niba.com.au/tax.