The representative body of Australia’s general insurance industry isn’t at all pleased with the emergency services levy (ESL) in New South Wales going up amid what the Insurance Council of Australia (ICA) described as a time of widespread financial hardship and economic vulnerability.
As noted by property insurer FM Global, ESL contributions will rise from $898 million in the 2019-2020 financial year to $1.09 billion in 2020-2021 – a 21% increase, which ICA communications and media relations head Campbell Fuller (pictured) called “unfortunate and unfair” as it will deal a severe and unnecessary blow to householders and small businesses.
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