NSW Emergency Services Levy Impacting Owner Builders NSW – Effective August 2017

August 1, 2017 1:38 pm Published by 5 Comments

The Emergency Services Levy (ESL) is a charge that has previously been added to the cost of your property insurance, including owner builder construction insurances to fund fire and emergency services agencies in New South Wales.

On 30 May 2017, the NSW Government announced that it had deferred its policy of funding fire and emergency services through a property levy collected by councils. The Government has instead decided to continue funding these services by collecting an ESL on property insurance premiums.

The legislation reintroducing the obligation on insurance companies to collect the ESL became effective on 1 July 2017. Qtrust will add ESL charges from August 2017.

The Insurance Monitor
The Insurance Monitor was established in June 2016 as an independent body. One of its functions is to monitor the prices for the issue of regulated contracts of insurance. Professor Allan Fels AO and Professor David Cousins AM have been appointed by the NSW Government as the Emergency Services Levy Insurance Monitor and Deputy Monitor, respectively.
More information

Should you require addition information, contact ESL Insurance Monitor’s Office on 1300 607 723 or enquiries@eslinsurancemonitor.nsw.gov.au.

Additional information can also be found on the ESL Insurance Monitor Website www.eslinsurancemonitor.nsw.gov.au
You may wish to discuss this matter with our underwriters.

More information
‘Sydney tax’ to send fire levy costs soaring (The Australian)
NSW landowners to be slugged with emergency services levy (ABC)
NSW Government has backed down on plans to change this levy (Daily Telegraph)
New NSW Fire Services Levy delayed after furore (SMH)

NSW ESL Re-introduction_2017

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This post was written by Technical Underwriting Centre


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