July 18, 2017
July 18, 2017 | Broker News
Changes regarding the NSW Emergency Services Levy on motor and property insurance policies
On 27 June 2017, the Emergency Services Levy Act 2017 No32 (NSW) came into effect, which reinstates the Emergency Services Levy (ESL) on relevant insurance policies.
As a result, we will again be collecting the ESL on new policies and policy renewals where insurance coverage is provided in NSW with an effective policy date from 15 August 2017. We are writing to brokers about this and will continue to advise of any updates on this webpage.
Emergency Services Levy Insurance Monitor Section 30 Notices
The Section 30 Notices that were published in the NSW Government Gazette on 22 July 2016 and 15 May 2017 have been withdrawn.
In relation to the deferral of removal of the ESL, a new Section 30 Notice was issued on 2 June 2017, effective 5 June 2017. There are two sections to this Section 30 Notice:
- Option A is for companies that are not embedding a premium comparison in the renewal notice.
- Option B is for those companies that can provide the premium comparison.
However, Option A or Option B of the Section 30 Notice only needs to be included in invoices or other statements (excluding new business; variations to existing regulated contracts of insurance; whether such invoices or other statements are issued in hardcopy or in electronic form) if it falls within the scope of residential building insurance; residential contents insurance; and any combination including these two.
If you need to include a Section 30 Notice please contact Zurich on 132 687.
We will inform you of updates via this webpage.
If you have any questions or concerns, please contact your normal Zurich representative or email email@example.com