Provisions relating to Chapter 8 (Insurance)
10 Provisions relating to Chapter 8 (Insurance)
Imposition of duty The duty charged by Chapter 8 is charged on—
the amount of a premium paid in relation to a contract that effects general insurance, or
a policy of life insurance or a life insurance rider,
if the contract, policy or life insurance rider is effected or renewed on or after 1 July 1998.
Registered persons A person who, immediately before 1 July 1998, is a registered person under section 88A of the Stamp Duties Act 1920 is taken to be registered under Part 3 of Chapter 8.
Undertakings given by certain persons A person in respect of whom an undertaking has effect under section 88E of the Stamp Duties Act 1920 immediately before 1 July 1998 is taken to have an approval under Division 2 of Part 6 of the Taxation Administration Act 1996.
This Act’s bill:Explanatory memorandumSecond reading speech
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