NSW EMERGENCY SERVICES LEVY
Publish Date •
28 May 2021
The ESL provides funding for the NSW fire and emergency services which is currently collected through a levy on insurance policies.
In light of continued premium growth and a reduced contribution target (largely due to lower-than-expected workers compensation premiums), FM Global has estimated that to meet the funding obligations to the fire and emergency services a rate of 24.5% will need to be applied to all assessable NSW premiums effective 30 JUN 2021.
The rate will be reviewed periodically and may vary in future in response to revised Brigade budget expectations, revised industry insurance premium pool estimates, and other factors arising from the NSW government’s decision to reinstate the insurer ESL.