It is great to see that the Fire Service Levy is starting to come down and it will be even better when it is removed completely. (Come on Tasmania!)

This is the latest release from QBE:

We are writing with an update on the NSW Emergency Services Levy (ESL) on commercial and residential property.

Following on from recent communications about the process of removing NSW ESL sent to you in April and May, we are pleased to announce QBE Insurance will shortly begin reducing the levy on commercial and residential property.

We will be progressively implementing this rate change from 31 December, 2016.

The new rates for NSW ESL will be:
 

Product Class

NSW ESL Rate

Commercial property

30%

Residential property

16%

Valuables

3%

We are working with our external partners to implement these rate changes according to their individual systems.