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

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

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/697936ff-e4d6-4c6e-a264-b39a0072a85c/transcript

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