Tough new consumer protections to support abolition of fire services levy - Premier of Victoria:
"The Victorian Coalition Government has introduced legislation to establish the Fire Services Levy Monitor (the Monitor) and to strengthen consumer protections in the transition to the new and fairer property based system.
Consumer Affairs Minister Michael O’Brien said that a key component of the new consumer protections would be penalties of up to $10 million for a body corporate and $500,000 for an individual, against price exploitation, false representation and misleading and deceptive conduct.
The Monitor will oversee the transition to a new property-based levy and provide advice and guidance to consumers and the insurance industry to make certain that insurers genuinely phase out the existing insurance based levy."
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