Glossary of Terms
Fire service levies (FSL) – Insurance (Australia)
The expense levied on premiums for insurance policies with a fire risk component, which is recoverable from insurance companies by the applicable State Government. Fire service levies were established to cover corresponding fire brigade charges
Fire service levies (FSL) – New Zealand
The expense levied on premiums for insurance policies with a fire risk component, which is recoverable from insurance companies by Fire and Emergency New Zealand. Fire service levies were established to cover corresponding fire brigade charges
Funds under management and administration
Funds where the Wealth business, in Australia and New Zealand, receives a fee for the administration and management of an asset portfolio