Well spotted Darryl, let’s hope we don’t end up with FESL 2.0
Here is what I know so far:
+ Insurance Monitor to ensure insurance companies pass savings onto policy holders
+ Government to consider CIV for all taxes
+ Concessions will be available for pensioners
+ Will only apply to the 73.7% of cost contributions levied on Insurance Premiums – not affect the 11.7% paid by councils
+ Stakeholder and industry consultation to commence early next (calendar) year
+ No decision on who will collect levies
Will keep this updated as more information comes to light.
Regards,
Andrew
