Duties Fact Sheet - General Insurance Premiums

Fact sheet
Insurance duty is imposed on general insurance premiums and is apportioned based on where the premium is paid or payable.

All Australian jurisdictions have agreed to adopt the same basis of apportionment of premiums where there is likelihood that a nexus to the contract of insurance could be established in more than one jurisdiction.

This fact sheet contains a schedule which details the basis upon which the premium paid or payable on policies of insurance is to be apportioned for insurance duty purposes.

Documents

Page reviewed 9 March 2020