Liverpool Plains Shire Council (LPSC) Mayor, Councillor Andrew Hope, is urging property owners to monitor their property insurance policies after June 30 2017 to ensure companies reduce premiums after this date to reflect the State Government’s introduction of the Fire and Emergency Services Levy which will be collected as part of the rate collection process through local government.
“This is not a council charge or levy, but will impact your Council rates from 1 July 2017, when the NSW Government removes the Fire and Emergency Services Levy from your home insurance premium, and instead includes it as a line item on your rates notice,” Councillor Hope said.
“The Government has stated that it believes the cost of providing emergency services - Fire and Rescue NSW, Rural Fire Service and State Emergency Service – will be shared more fairly across the community as all landowners, not just those with property insurance will contribute into the future. As everyone benefits from fire and emergency services protection it is only fair that everyone should contribute,” he said.
“The State Government says residential property insurance should drop on average by up to 20% and commercial property insurance by up to 30%. They have also set-up an insurance monitor to oversee the transition and make certain insurers genuinely phase out the insurance-based levy during the changeover to the property-based levy. However, I believe those paying property insurance will also have to be vigilant to ensure all savings are passed back to consumers,” he continued.
“A letter from NSW Treasury was sent out to property owners in our Shire, attached to the fourth quarter rate instalment notice announcing a change to the way the NSW Government will collect the levy.
“As part of this transition, your property has been classified as residential, farmland, industrial, commercial or public benefit, and vacant or non vacant. If you disagree with your property’s classification, you can request a review by contacting LPSC on 6746 1755 or emailing firstname.lastname@example.org. We will notify you of the outcome of the review within 40 days, however requesting a review does not guarantee a change to your property’s classification,” he said.
To find out more about the levy, how it is calculated and how it will impact you visit www.fesl.nsw.gov.au or check their FAQ’s. You can also contact NSW Treasury on 1300 78 78 72, or by email on FESL.email@example.com,” Councillor Hope concluded.