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Legislative Assembly for the ACT: 1998 Week 5 Hansard (27 August) . . Page.. 1588 ..





Insurance Levies for Emergency Services

MR QUINLAN: Asked the Deputy Chief Minister -

(1) Is it correct that a multi-titled residential property consisting of more than seventy townhouses and one body corporate will attract a `business' classification for the purposes of the Emergency Services and associated insurance levies.

(2) If so, why have these units attracted a business classification when they are clearly residential units.

(3) Have other similar multi-titled properties received the same classification.

(4) How many multi-titled properties are there in the ACT.

(5) Will non-residential bodies corporate (eg Cooyong Centre) attract a business classification.

(6) What is the estimated revenue split between the business and private classification.

MR HUMPHRIES: The answer to Mr Quinlan's question is as follows -

(1) There is no `business' classification under the Insurance Levy Bill 1998. As in NSW, it is likely that some insurance companies will make a commercial decision to differentiate between:

. houseowners' and householders' insurance (eg, house, contents and public liability insurance);

. fire, industrial special risk or contractors all risks insurance policies; and

. insurance in relation to vehicles.

(2) If the insurance policy in question falls into the first category in my response to question 1, it should attract the same rate as other houseowners' and householders' insurance policies. However, if the policy has been negotiated to take advantage of a particular premium rate, it may be regarded by the insurance company as coming within the second category.

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