MIB Newsletter – August 2013

March 20, 2018

Industry News, News

GOOD NEWS PREMIUMS REDUCED FIRE SERVICES LEVY REMOVED FROM POLICIES

In most cases insurance premiums will now be reduced with the removal of the fire services levy from all insurance policies. As described by the State Revenue Office of Victoria and on the Fire Services Property Levy website, the new Fire Services Property Levy is now incorporated into Victorian property owners’ council rates and is based on a fixed charge and a variable charge based on the property’s capital improved value.

For further information on the levy and to access the handy calculator, click on this handy Fire Levy website link:
http://www.firelevy.vic.gov.au/how-is-it-calculated.html


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