195Apportionment between different types of insurance

195 Apportionment between different types of insurance S. 195(1) amended by No. 40/2014 s. 6(i). (1) This Division applies to apportionment between different types of insurance that are relevant to determining liability for duty, such as general insurance and insurance that is exempt from duty. It does not apply to the apportionment of a premium or another amount between Victoria and another place. Division 3 deals with that kind of apportionment. (2) If the Commissioner is not satisfied that a premium paid or another amount in relation to a contract of insurance that effects different types of insurance has been properly apportioned, the Commissioner may determine the apportionment, reassess the liability to duty and charge duty accordingly. Division 5—Exempt insurance S. 196 amended by No. 50/2024 s. 31(2) (ILA s. 39B(1)).