44AInsurance granted, issued or renewed by overseas insurer

44A Insurance granted, issued or renewed by overseas insurer (1) A person who effects insurance in respect of: (a) property in the Territory; or (b) a risk, contingency or event concerning an act or omission that, in the normal course of events, may occur within or partly within the Territory; for which a policy of insurance is or is to be granted, issued or renewed (directly or indirectly) by an overseas insurer must, within 30 days after effecting the insurance, lodge with the Commissioner a return containing the approved particulars (including details of the premiums paid for policies of insurance in respect of which duty is imposed) and pay the relevant amount of duty. (2) The person who effects insurance to which this section applies and the overseas insurer who granted, issued or renewed the policy of insurance for that insurance are jointly and severally liable for the duty imposed in respect of the policy of insurance.