The Government is delaying hiking the levy most home owners pay via their private insurers to fund the Natural Hazards Commission until 2027.

The $552 levy was supposed to go up by between $207 and $311, but reports claim ministers are still considering their options, with Finance Minister Nicola Willis saying she didn't want to make a 'hurried decision'.

NZ Herald Wellington business editor Jenee Tibshraeny explained further.

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The Government is delaying hiking the levy most home owners pay via their private insurers to fund the Natural Hazards Commission until 2027.
The $552 levy was supposed to go up by between $207 and $311, but reports claim ministers are still considering their options, with Finance Minister Nicola Willis saying she didn't want to make a 'hurried decision'.
NZ Herald Wellington business editor Jenee Tibshraeny explained further.
LISTEN ABOVE

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Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Jenee Tibshraeny: NZ Herald Wellington business editor on the Government delaying insurance levy hike

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b920a404-3755-4f80-8192-b39a0072a756/transcript