NSWIn ForceAct
Duties Act 1997
234What duty is payable?
Start here
Get a plain-English read of 234
Turn the raw legal text into a practical explanation grounded in Duties Act 1997.
#### 234 What duty is payable?
234 What duty is payable?
> > (1) The amount of duty chargeable on the premium paid in relation to a contract of insurance is 9% of the amount of the premium to the extent to which the premium is paid to effect Type A insurance.
>
> > (2) The amount of duty chargeable on the premium paid in relation to a contract of insurance is 5% of the amount of the premium to the extent to which the premium is paid to effect Type B insurance.
>
> > (3) The amount of duty chargeable on the premium paid in relation to a contract of insurance is 2.5% of the amount of the premium to the extent to which the premium is paid to effect Type C insurance.
>
> **s 234:** Am 2000 No 51, Sch 2 \[46\]. Subst 2002 No 63, Sch 3 \[1\]; 2005 No 42, Sch 1 \[11\].