As many of you will be aware, Fire and Emergency New Zealand (FENZ) has recently changed the way FENZ levies are calculated on insurance policies.
The new approach aims to simplify how the levy is calculated and charged, making it easier to understand and manage.
The new legislation took effect for policies incepting on or after 1 July 2026.
A clearer view of statutory charges
To support the change, we’ve updated our quote documents to make the FENZ levy calculation clearer.
For new quotes and renewals, you’ll now see a simple table outlining the statutory charges, including GST, NHC and FENZ.
Total premium and statutory changes
Amount (Excl.GST)
Perils Base Premium
$4,469.50
ND Base Premium
$466.00
FENZ
$513.85
NHC
$0.00
GST
$817.41
Total
$6,266.76
**This example is provided for illustrative purposes only. Any Statutory Charges will be indicative only and calculated based on information and declared sums insured available at the time of quotation. Final Levy amounts will be subject to confirmation at binding based on full risk details, policy structure and applicable rates and legislation.
Want to learn more about FENZ changes?
Our recent property webinar explores the upcoming FENZ levy changes and what they mean for brokers and their clients, alongside practical insights into property cover and business interruption.
Rewatch the session on DUAL School here.
As always, our team is here to help. If you have any questions, please reach out to your local DUAL contact. You can find our team details here.
Nga mihi,
Hayden Chapman
Head of Property
DUAL New Zealand
As many of you will be aware, Fire and Emergency New Zealand (FENZ) has recently changed the way FENZ levies are calculated on insurance policies.
The new approach aims to simplify how the levy is calculated and charged, making it easier to understand and manage.
The new legislation took effect for policies incepting on or after 1 July 2026.
A clearer view of statutory charges
To support the change, we’ve updated our quote documents to make the FENZ levy calculation clearer.
For new quotes and renewals, you’ll now see a simple table outlining the statutory charges, including GST, NHC and FENZ.
|
Total premium and statutory changes |
Amount (Excl.GST) |
|
Perils Base Premium |
$4,469.50 |
|
ND Base Premium |
$466.00 |
|
FENZ |
$513.85 |
|
NHC |
$0.00 |
|
GST |
$817.41 |
|
Total |
$6,266.76 |
**This example is provided for illustrative purposes only. Any Statutory Charges will be indicative only and calculated based on information and declared sums insured available at the time of quotation. Final Levy amounts will be subject to confirmation at binding based on full risk details, policy structure and applicable rates and legislation.
Want to learn more about FENZ changes?
Our recent property webinar explores the upcoming FENZ levy changes and what they mean for brokers and their clients, alongside practical insights into property cover and business interruption.
Rewatch the session on DUAL School here.
As always, our team is here to help. If you have any questions, please reach out to your local DUAL contact. You can find our team details here.
Nga mihi,
Hayden Chapman
Head of Property
DUAL New Zealand