Definitions
31 Definitions
In this Part—
amending Act means the Fire and Emergency Services Levy Act 2017.
final contribution—see clause 34.
final return—see clause 33.
final year of the scheme means the financial year commencing on 1 July 2016.
insurance company means any body corporate, partnership, association, underwriter or person that or who—
issues or undertakes liability under policies of insurance against loss of or damage to any property situated in New South Wales, or
receives premiums in respect of such policies of insurance on behalf of or for transmission to any body corporate, partnership, association, underwriter or person outside New South Wales.
insurer loading—see clause 34.
Monitor means the Emergency Services Levy Insurance Monitor appointed under the Emergency Services Levy Insurance Monitor Act 2016.
relevant insurance means insurance against loss of or damage to property in the State under the classes of policies specified in Schedule 1, as in force immediately before its repeal by the Fire and Emergency Services Levy Act 2017.
total amount, in relation to premiums, includes any brokerage or commission paid or due to be paid or allowed to be paid on—
the premiums, or
bonuses or return premiums allowed in respect of policies of insurance the subject of the premiums, or
such part of the premiums received by or due to the company as is paid or due to be paid by way of reinsurance by the company to another insurance company in the State,
but does not include duty payable under the Duties Act 1997 in respect of policies of insurance the subject of the premiums.
This Act’s bill:Explanatory memorandum
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