The new levy will consist of a fixed component of $100 a year for residential properties and $200 for commercial, industrial and farming properties.
On top of that there will be a variable component calculated on the value of a property to be set at budget time. Pensioners and veterans will get a $50 concession per household from the levy, costing $20 million a year
The government will also get rid of GST and stamp duty charged on the fire levy. Overall, the changes will cost the state budget $95 million a year. They enact recommendations by the royal commission into the Black Saturday bushfires.
