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Insurance Based FENZ Funding A Flawed Model


Friday, 30 April 2021, 3:48 pm
“The Government had the opportunity to revolutionise
the current insurance-based funding model for Fire and
Emergency New Zealand (FENZ) but have instead chosen to
merely tweak the levy system, maintaining a model that by
their own admission has “inherent drawbacks”,” says
Leonie Freeman, Chief Executive at Property Council New
Zealand.
“Tweaking the levy system won’t address
the core issue, says Freeman.
“The insurance-based
model is inequitable, inefficient, and unsustainable in the
long term and while details of further refinement are yet to
be revealed, it is difficult to see how the fundamentals
will change.
“An insurance-based levy means those ....

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