If it were up to the National Insurance Brokers Association (NIBA), insurance-based taxes such as Tasmania’s Fire Service Levy and the Emergency Services Levy in New South Wales would be scrapped.
In its 12-page submission to the Royal Commission into National Natural Disasters Arrangements, NIBA highlighted the unfair nature of certain funding models as well as the significant increase in premiums brought about by compounding tax systems.
You've reached your limit - Register for free now for unlimited access
To read the full story, and get unlimited access to Insurance Business website content, just register for free now. GET STARTED HERE
Already a website member? Log in below.