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reg 14

Definitions—pt 4

In force
Part 4MAI premiums

14 Definitions—pt 4

In this part:

annual MAI premium, for an MAI policy, means the premium payable for insurance under the MAI policy for 1 year.

MAI premium class means a class mentioned in an item in schedule 1, part 1.2, consisting of—

(a)

a class number mentioned in column 2 for the item; and

(b)

a kind of motor vehicle or trader’s plate mentioned in column 3 for the item; and

(c)

a case (if any) mentioned in column 4 for the item; and

(d)

an entitlement to an input tax credit mentioned in column 5 for the item.

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