New South Wales Consolidated Acts

DUTIES ACT 1997 - SECT 253

253 Monthly returns and payment of duty

A registered insurer must, on or before the twenty-first day of each month--

(a) lodge with the Chief Commissioner a return in the approved form showing--

(i) the total amount of all premiums for Type A insurance paid to the registered insurer in the preceding month, and

(ii) the total amount of all premiums for Type B insurance paid to the registered insurer in the preceding month, and

(iii) the total amount of all premiums for Type C insurance paid to the registered insurer in the preceding month, and

(iv) the total duty payable on policies of life insurance other than temporary or term insurance effected in the preceding month, and

(v) the total amount of all first year's premiums for temporary or term life insurance received by or on behalf of the registered insurer in the preceding month, and all additional premiums referred to in section 243 (2A) (b) (other than premiums for insurance that is exempt from duty by Part 5), and

(vi) the total amount of all first year's premiums for life insurance riders received by or on behalf of the registered insurer in the preceding month (other than premiums for insurance that is exempt from duty by Part 5), and

(b) pay to the Chief Commissioner as duty the amounts determined in accordance with sections 234 and 243.