Treasurer Mike Baird holding fire on levy | thetelegraph.com.au
THE NSW government will not introduce a controversial emergency services levy on NSW households unless the majority of people are “better off” under the scheme.
Treasurer Mike Baird made the pledge yesterday on the new emergency services levy which is due to replace an average $250 yearly tax on insurance policies. Mr Baird also said the government would have the most rigorous system in the country to police the scheme – ensuring that once insurance taxes are cut and the levy introduced, insurance companies will reduce their premiums accordingly.
But The Daily Telegraph understands there are concerns from senior ministers that insurance companies would not pass on the savings and as a result families would be charged twice.
via Treasurer Mike Baird holding fire on levy | thetelegraph.com.au.
You’re damn right they won’t be passed on. Insurers save $1 billion, and the community cops a new tax. Axe the idea now Minister….