Changes to Fire and Emergency Services Levy (FESL)

ByLeanne Habib

Fire extinguishersThis Flat Chat article in the Domain explains changes in the way the so-called Fire and Emergency Services Levy (FESL) is raised.

From 1 July 2017, the annual fire services levy will be collected via council rates rather than via buildings insurance. This will ensure the FESL will be spread more evenly across a broader slice of the populace.

“The winners will be renters who will no longer have to pay the levy on their insurance and won’t have to pay the increased rates (because that goes to the landlord). And those of us who own our homes and are insured to our eyeballs will also benefit from a lower levy on our rates than we pay on our insurance.

The losers will be the great uninsured home owners as well as landlords who will take at least one rent rise cycle before they can shift the load to their tenants.”

 

Similar Posts

Common mistakes people new to strata living make (NSW)

Common mistakes people new to strata living make (NSW)

Jimmy T from the Flat-Chat website posted this informative article covering typical mistakes made by people who are new to strata living. The top 10 Forgetting about Strata Levies as part of your budget Not getting involved with the management of the strata building Not complaining about noise in the building Assuming, and blindly believing…

Q&A: Smoke Alarms in Strata Units NSW

Q&A: Smoke Alarms in Strata Units NSW

Smoke detectors have an effective ‘use by date’ and back-up batteries should be checked and replacement frequently, however the entire unit usually needs to be replaced after 10 years. A LookUpStrata reader wanted to know who is responsible to ensure that the smoke alarms in strata units are operational, and who is responsible for the replacement and…

NSW Q&A: Can an EGM be Called to Reverse the Decision of a Majority at an AGM?

NSW Q&A: Can an EGM be Called to Reverse the Decision of a Majority at an AGM?

Question: Can an EGM be called to reverse the decision of a majority at an AGM? The owners corporation by a majority vote accepted the proposed strata levies at our AGM. Levies supported by appropriate budgets, explanations and Capital Works Funding Plan. A group of dissatisfied owners (just enough to make the 25% required for…