Next step in state’s plan to reduce insurance costs for NSW households,…

NSW has made its first steps towards removing a pesky insurance tax, which inflates premiums by an average of 18 per cent for households, and 30 per cent for businesses, making NSW’s insurance costs among the most expensive in Australia. In November, the state flagged it would be reforming the Emergency Services Levy (ESL) and changing how the state pays for its emergency services, like the Rural Fire Service (RFS), State Emergency Service (SES) and Fire and Rescue NSW (FRNSW). On Tuesday, the government announced consultation had begun with the Real Estate Institute of New South Wales, the Property Council of Australia and the…