CHAPTER 4 – STATE REVENUE
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SUMMARY OF GENERAL GOVERNMENT REVENUE
Insurance contributions to fire brigades
Victoria partly funds fire services through an insurance based funding model. Insurance companies generally choose to recover their contributions through an insurance industry fire services levy imposed on premiums from policyholders.
The level of required contributions by insurance companies to the approved annual budget of the Victorian fire services is prescribed under Section 37 of the Metropolitan Fire Brigades Act 1958 (75.0 per cent) and Section 76 of the Country Fire Authority Act 1958 (77.5 per cent).
The legislation also prescribes that non-residential property owners who choose to either self insure or insure off-shore, are required to pay a contribution to whichever fire service covers the area in which their property is located.
In 2010-11, revenue from insurance contributions to fire services is anticipated to increase by $9 million (1.8 per cent) compared to the 2009-10 revised estimate and reflects a slight increase to the Metropolitan Fire and Emergency Services Board's expected insurance contribution, including indexation. There is no expected change to insurance industry contributions to the Country Fire Authority. The government is undertaking a review of the fire services levy as part of the commitment to release a White Paper by February 2010.
Comment: Looks like we wait a little longer to get relief from the FSL (fire service levy) put on those who insure!
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