On 30 May 2017 the NSW Government announced it will defer the introduction of the Fire and Emergency Services Levy (FESL) on Council Rates and the abolishment of the FESL from insurance premiums which was due to commence on 1 July 2017 under the current legislation.
The NSW Government is currently working with the ICA and insurers to understand the impact of the delay and upcoming changes to the legislation.
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The below NSW FESL rates and distribution of the ESL Insurance Monitor Notice (‘the Notice’) continue to apply as per below dates.
|Policies incepting up to and including 30 June 2017||Policies incepting on or after 1 July 2017|
|Fire including Business Interruption||15%
The Notice is included on all Calibre Insurance system generated schedules that carry a NSW fire risk.
The Notice has been removed from Calibre Insurance system generated schedules.
|Additional instructions||If you produce your own schedules, please provide the Notice as an attachment to your clients’ policy documentation.||If you produce your own schedules, please do not include the Notice as an attachment to your client’s policy documentation.|
If you have any questions or require further information regarding the removal of the FESL please speak to your Development Manager.
Please see full policy terms, conditions, limits and exclusions. Calibre’s Business Package Insurance Policies are issued by Calibre Commercial Insurance Pty Ltd (‘Calibre Insurance’) (ABN 86 603 039 023| AFSL 474540) acting under a binder as agent for the insurer Great Lakes Insurance SE (ARBN 127 740 532 | ABN 18 964 580 576 | AFSL 318603) trading as Great Lakes Australia (‘Great Lakes Australia’). Great Lakes Insurance SE is a limited liability company incorporated in Germany.