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by: Honan Marketing

NSW Emergency Services Levy Update

Information

The Emergency Services Levy (ESL) is a charge that has previously been added to the cost of your property insurance 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. You may now notice an ESL charge on your insurance premium.

 

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.

 

If you would like further information

Any questions or concerns should be directed to the ESL Insurance Monitor’s Office on  1300 607 723  or at  enquiries@eslinsurancemonitor.nsw.gov.au.

Additional information can also be found on the ESL Insurance Monitor Website  www.eslinsurancemonitor.nsw.gov.au

Alternatively, please contact us or speak with your Honan Account Manager.