News Regional20 Jun 2019

Australia:Industry body concerned about NSW budget burdening insurance customers

Insurance Council of Australia (ICA) CEO Rob Whelan

The Australian insurance industry is concerned that the New South Wales (NSW) budget, which emphasises solid operating surpluses, fiscal responsibility and strong infrastructure spending, comes at a cost to households and businesses that insure their assets. According to a statement from Insurance Council of Australia (ICA) CEO Rob Whelan, the amount of revenue that the NSW state government expects to raise from inequitable insurance taxes and levies will continue to place an unfair burden on NSW policyholders.

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