Those of us who understand insurance will be aware that fire service levy (FSL) is set to increase, potentially astronomically, in 2019. The New Zealand Fire Service has pushed through a 40% increase (39.47% if we're being exact) in FSL from 1 July. On the assumption that LPTs are well insured this is a direct cost.

From 2019 the FSL rules change completely with larger buyers of insurance, such as LPTs (I assume) potentially looking at much increased costs of insurance (as FSL is charged on insurance policies).

All businesses will be affected affected by this but larger ones are likely to suffer exponentially. Have others looked at what effect these increased costs may have on LPTs?

Disclosure: holder of ARG.