Tax hike hits country Victorians hardest
Victorians have once again borne the brunt of the latest fire services levy (FSL) hike.
Victoria is the only state to be affected by the rises, up from 55% to 58% in the country for commercial lines and up two percentage points to 24% for householders.
NIBA CEO Noel Pettersen says the latest hike in the FSL is an ongoing saga. “This has been a thorn in our side for as long as I can remember.”
The FSL will rise one percentage point in metropolitan Victoria to 48% for business premiums and to 20% for home premiums.
This means a country Victorian business will pay $191.18, based on a $100 premium, when GST and stamp duty are added, compared with $187.55 before this next increase in the FSL.
Mr Pettersen says the industry is now starting to get some traction on the issue, with more politicians putting it on the agenda, indicating more people have been raising the issue with them.
“Hopefully we will start to get some results now that we have consistency across the governments in that they are all Labor,” he said. “The Government has announced a major inquiry into taxation and insurance tax should be a part of that.”
The rise in levies will come into effect on July 1.
Victoria is the only state to be affected by the rises, up from 55% to 58% in the country for commercial lines and up two percentage points to 24% for householders.
NIBA CEO Noel Pettersen says the latest hike in the FSL is an ongoing saga. “This has been a thorn in our side for as long as I can remember.”
The FSL will rise one percentage point in metropolitan Victoria to 48% for business premiums and to 20% for home premiums.
This means a country Victorian business will pay $191.18, based on a $100 premium, when GST and stamp duty are added, compared with $187.55 before this next increase in the FSL.
Mr Pettersen says the industry is now starting to get some traction on the issue, with more politicians putting it on the agenda, indicating more people have been raising the issue with them.
“Hopefully we will start to get some results now that we have consistency across the governments in that they are all Labor,” he said. “The Government has announced a major inquiry into taxation and insurance tax should be a part of that.”
The rise in levies will come into effect on July 1.