Call for feedback on funding
THE community has been asked to give feedback on how the State Government can develop a better, fairer and more efficient way of funding emergency services.
Recent reviews of the state tax system, including the Henry Tax Review, have recommended the government moves to a property-based levy.
An Emergency Services Discussion Paper has now been released and a three-month long consultation period will follow.
Police, Ambulance, Fire and Rescue and the State Emergency Service are currently funded from three sources, with the bulk of the funding 73.7% provided by tax on insurance companies, 11.7% from local government and the remaining 14.6% from the State Government.
"The current system has serious weaknesses and is economically inefficient," Treasurer Mike Baird said.
"Taxing insurance increases the price of insurance and can lead some people to under-insure and others not to insure at all.
"NSW property owners who insure their properties are subsidising the 36% of households who don't have home contents insurance - the highest rate of non-insurance in Australia."
To read the discussion paper go to www.haveyoursay.nsw.gov.au/ESL.
Public consultation closes on October 8.