259BExemptions for small business

#### 259B Exemptions for small business 259B Exemptions for small business > > (1) The following insurances are exempt from duty under this Chapter, if the insured person is a small business— > > > > > (a) commercial vehicle insurance, being motor vehicle insurance (within the meaning of section 233 (2A) (a)) for a motor vehicle that is used primarily for business purposes, > > > > > (b) commercial aviation insurance, being aviation insurance (within the meaning of section 233 (2A) (b)) for an aircraft that is used primarily for business purposes, > > > > > (c) occupational indemnity insurance, being insurance covering liability arising out of the provision by a person of professional services or other services (other than insurance providing medical indemnity cover within the meaning of the [Medical Indemnity Act 2002](http://www.legislation.gov.au/) of the Commonwealth), > > > > > (d) product and public liability insurance, being insurance covering liability for personal injury or property damage occurring in connection with a business or arising out of the products or services of a business. > > > (2) Subject to the regulations (if any), an exemption under this section applies only to contracts of insurance effected or renewed on or after 1 January 2018. > > > (3) An exemption under this section is referred to in this Part as a small business exemption. > > **s 259B:** Ins 2017 No 33, Sch 4 \[4\].