42Returns in respect of insurance business

42 Returns in respect of insurance business

(1) An insurer registered under this Division shall, within 21 days after the expiration of each month of each year: (a) furnish to the Commissioner a return of all premiums received in that month by the insurer in respect of which tax is imposed; and (b) pay the tax payable in respect of those premiums less the amount of any tax remitted under section 43. (1A) This section does not apply in relation to a month commencing on or after the termination day. (2) A return under this section shall be in accordance with an approved form and shall contain such particulars as are required by the form.