Targeted Consultation for FENZ Levy Exemptions
Last updated: September 1, 2022Economy
Targeted Consultation for FENZ Levy Exemptions
Published: September 1, 2022
Submitting To: Department of Internal Affairs (DIA)
Issue for Business: DIA are currently undertaking targeted consultation on types of property that should/could be exempt from paying Fire and Emergency NZ (FENZ) levies under contracts for fire insurance.
Action: BusinessNZ has submitted to DIA stating that while attempts to exempt some property types from paying a levy to fund FENZ is probably justified, continuing to charge levies based on fire insurance contracts is fundamentally flawed. There are many property owners and others who use the services of the FENZ but pay nothing towards FENZ costs, including Government who often self-insure against fire damage to property. BusinessNZ also considers that the Government should also contribute far more for public good activities, such as flood clean-ups.
Outcome: Awaiting Govt decisions after submissions have been analysed by DIA and recommendations made.
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