New South Wales Consolidated Acts

INSURANCE PROTECTION TAX ACT 2001 - SECT 11A

11A Liability of certain insured persons

(1) This section applies to a person who obtains, effects, or renews any general insurance as an insured person with a person who is not an insurer.

(2) A person to whom this section applies must, within 21 days after the end of the month in which the premium relating to the insurance is paid to a person (not being an insurer) or insurance intermediary:

(a) lodge with the Chief Commissioner a return in a form approved by the Chief Commissioner containing such particulars and information as to the premium and the insurance as the Chief Commissioner may require, and

(b) pay to the Chief Commissioner as tax under this Act an amount equal to 1% of the premium.

(3) A person to whom this section applies is taken to have complied with this section if the person’s duty under this section is discharged by another person acting on the person’s behalf.