Tag Archives: insurance; natural disasters; free ride; funding; fire services; fire services levy; Victoria; New South Wales

Cutting out the insurance “free rider” when it comes to funding fire services

  From July this year, Victorian councils began collecting the fire services levy through property rates, rather than taxing insurance policies. Formerly the levy was funded by a tax on insurance companies and therefore passed on to the consumer in the pricing structure of their insurance policy. The Victorian Treasury says current model is premised […]