The NSW Government have decided to continue collecting the Emergency Services Levy (“ESL”) via insurance policies until further notice. This means that insurers will recover the contribution they need to make to the funding of the emergency services through premiums payable by policyholders. Such amount is shown as FSL below. is a charge that is added by the insurance company to the cost of your property insurance to recover its required contribution to emergency services agencies in NSW. The ESL paid with any premium on a policy is used to fund emergency services in NSW in the financial year in which the policy commences.
Please refer to our website in the first instance if you have questions about your policy such as premium or the impact of the ESL on your policy. More information about the ESL in general Insurance Monitor can be found at: www.fesl.nsw.gov.au www.eslinsurancemonitor.nsw.gov.au
If you would like further information
As you may be aware, the NSW Government deferred the introduction of the Fire and Emergency Services Levy on council rates. The Emergency Services Levy (ESL) will continue to be collected via insurance policies until the NSW Government decides on how the emergency services should be funded.
Famous will reinstate the ESL charges on policies effective 1st August 2017 and the relevant amounts will be shown on your policy documents such as quotes and schedules.
Prior to the Government’s decision, we progressively reduced the ESL up to 30 June 2017. As we reintroduce ESL, you may see an increase in ESL contribution from the last year.
If you have any questions about how this change will impact the cost of your insurance, please contact Famous on 1300326687.
Further information can be found at www.fels.nsw.gov.au