As we reported earlier, the NSW government has announced that it will abolish the NSW Emergency Services Levy which incorporates the Fire Services Levy from general insurance policies, from the 1st of July 2017.
With falling premiums the fire services levy is expected to increase to 44% of the domestic premium before the 1st July 2016 and will then start falling down on a month by month basis during the transition year from insurance to property rates.
After the debacle that was the Victorian governments transition, it was hoped that a more equitable system would be adopted by NSW but it was not to be.
While it is not ideal the medicine is well worth the cure and we at No Tax On Insurance.com.au cannot wait until fire service levy is finally removed from all Australian mainland states insurance policies on the 1st of July 2017.
Our attention will now move to Tasmania and New Zealand where the inequitable tax remains.