Duties Act 1997
234What duty is payable?
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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].