Insurance Council wants FENZ levy scrapped and replaced with disaster resilience funding

6:47 am today

Insurance Council chief executive Kris Faafoi.

The Insurance Council wants the government to scrap the levy that collects hundreds of millions of dollars for Fire and Emergency, and replace it with one that pays for natural disaster resilience.

Fire and Emergency (FENZ) is mainly funded by a levy taken from insurance premiums.

Insurance Council chief executive Kris Faafoi said the government should instead fund FENZ directly, and use a simpler version of the levy - which collected nearly $800 million in 2024/25 - to pay for resilience projects like flood protection.