Fire Services Levy surges

Fire Services Levy surges

Paul Sellars August 11, 2009
VICTORIAN farmers have been hit with a 30 per cent increase in the Fire Services Levy.


Bushfire blow as levy rises 24%
Bushfire blow as levy rises 24% August 12, 2009

VICTORIAN bushfire survivors rebuilding their businesses will be hit with insurance tax rises of almost 24 per cent.

The State Government will slug insurance customers in the bush more to raise an extra $500 million to pay for future firefighting.

At the same time, taxes in Melbourne will fall.

INSURANCE BROKERS CONDEMN LATEST INSURANCE TAX HIKE
The National Insurance Brokers Association (NIBA) has slammed the
latest recommended increase in the Fire Services Levy (FSL) to be
imposed on Victorian insurance policyholders.
For Country Victoria FSL is going up to 84%. When you add in GST &
Stamp Duty, $100 in premium now goes to $223 when all levies & taxes
are taken into account. This is an additional tax slug of 23% for rural
businsess
NIBA CEO Noel Pettersen today that given all of the problems with
underinsurance and nil insurance after the tragic bush fires it’s impossible
to understand how the Government can justify this increase.
“Why do people in rural Victoria have to pay more in taxes and charges
than they do for the actual insurance policy? It’s absurd.”
The National Insurance Brokers Association (NIBA), which represents