NSW Treasury calls for ‘crucial’ levy reform data
The NSW government has requested data from insurers and intermediaries under plans to replace the emergency services levy with a property-based funding arrangement, the National Insurers Brokers Association says.
The association says those that have received the request must submit data by October 11. In cases where no policies were subject to the levy as of January 31 this year, brokers must notify Treasury.
Brokers are only required to provide data relating to policies where they are responsible for collection and remittance of the levy to Revenue NSW.
NIBA says the data request, issued by Treasurer Daniel Mookhey, will enable Treasury to analyse reform impacts on the community by matching the levy paid by policyholders with alternative revenue bases such as land values or capital-improved values.
“The collected data will play a crucial role in shaping the future of emergency services funding in NSW,” the association says.
Earlier this year, the government introduced legislation allowing it to collect insurance data to use in modelling and designing a new funding system, subject to privacy protections.
“It’s imperative that the government has access to the latest data held by insurers,” Mr Mookhey said then.
“This will help to redesign the way emergency services are funded in NSW in the most effective way.”
The government is considering submissions lodged in response to a consultation paper on the reforms. The submissions deadline closed on May 22.