EMAIL COPY FROM INSURANCE BROKER approved for publication. From: james@imcinsurance.com.au To: gillysrooms@hotmail.com Subject: RE: INSURANCE LEVY Date: Thu, 6 Sep 2012 15:34:45 +1000
Hi Gil
Sorry for not getting back to you sooner.
Its taken almost 20 years, but Victoria is abolishing the FSL levies (which are in fact being moved to Council Rates)
There will be a significant savings (on insurance) in the future. The councils are indicating a fixed fee for the New Fire Levy (which will be cheaper than having it bundled in an insurance policy)
There also a[appears to be some uncertainly regarding any rebated fees. (We have received memos from almost all insurers indicating that they will not be providing any return premium for Fire Services levies.)
Aside from the “what if” factors, I am confident the Financial Service Ombudsman’s office (FOS) will be doing its utmost to keep the peace.
I’m sure there will be some media attention on this as it gets closer to the date.
EMAIL COPY FROM INSURANCE BROKER approved for publication. From: james@imcinsurance.com.au
ReplyDeleteTo: gillysrooms@hotmail.com
Subject: RE: INSURANCE LEVY
Date: Thu, 6 Sep 2012 15:34:45 +1000
Hi Gil
Sorry for not getting back to you sooner.
Its taken almost 20 years, but Victoria is abolishing the FSL levies (which are in fact being moved to Council Rates)
There will be a significant savings (on insurance) in the future. The councils are indicating a fixed fee for the New Fire Levy (which will be cheaper than having it bundled in an insurance policy)
There also a[appears to be some uncertainly regarding any rebated fees. (We have received memos from almost all insurers indicating that they will not be providing any return premium for Fire Services levies.)
Aside from the “what if” factors, I am confident the Financial Service Ombudsman’s office (FOS) will be doing its utmost to keep the peace.
I’m sure there will be some media attention on this as it gets closer to the date.
Regards
Jim Skiadas
IMC Insurance Brokers
Direct: 0418 319-527