Posted on 31. Aug, 2012 in News
The Baillieu Government has failed to guarantee that the insurance industry will pass back the Fire Services Levy to consumers, Shadow Treasurer Tim Holding said today.
Legislation for the new property based tax was introduced into the Victorian Parliament this week.
“The Baillieu Government is refusing to guarantee that insured Victorian property owners will not be worse off as a result of the introduction of its new tax,” Mr Holding said.
“It beggars belief that the Baillieu Government is expecting Victorians to trust that the insurance industry will pass back to families and businesses more than half a billion dollars in Fire Services Levy charges.
“The Baillieu Government cannot guarantee that the removal of the Fire Services Levy from insurance premiums will see insurance premiums fall by more than the new property based tax.
“Mr Baillieu has also failed to confirm that Victorian health care card holders will be entitled to a concession.
“This appears to be at odds with recommendation 64 of the Bushfire Royal Commission that the Coalition promised to implement ‘lock stock and barrel’.
“Victorians are right to be extremely cynical as to whether this new property tax will really reduce the financial burden on Victorian households and businesses.”