Aug 20, 2026 – 8.00pmKennards Self Storage says it could be slugged $2.2 million more in tax – a whopping 990 per cent increase – under reforms to how NSW pays for emergency services that would hit industrial and commercial landowners.The Minns government wants to shift from the emergency services levy (ESL) – a surcharge on insurance that can contribute to the problem of underinsurance – to a general land tax. NSW is the last mainland state relying on an insurance-based levy, which adds up to 18 per cent for household insurance premiums and up to 34 per cent for businesses.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Emergency services levy reform would mean ‘obscene’ 990pc tax increase
An insurance levy that now costs Kennards $221,000 could change to a land tax costing $2.4 million, but insurers say most will win under the reform.
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