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NSW EMERGENCY SERVICES LEVY
March 10, 2020
In the latest financial reports available to us the industry premium pool reported higher than expected premium growth. In light of a larger market size, FM Global have estimated that to meet the funding obligations to the fire and emergency services a rate of 27% will need to be applied to all assessable NSW premium effective 30 MAR 2020.
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NSW EMERGENCY SERVICES LEVY
February 06, 2020
In light of a bigger premium pool base, FM Global have estimated that to meet the funding obligations to the fire and emergency services a rate of 29% will need to be applied to all assessable NSW premium effective 15 FEB 2020. We expect a rate rise effective 30 JUN 2020 largely driven by the significant increase to the brigade budget for 2020/21.
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