Australian Capital Territory Consolidated Acts

DUTIES ACT 1999 - SECT 201A

    (1)     The Minister may determine guidelines for exempting from duty under part 8.2 a premium, or part of a premium, paid for a contract for—

        (a)     public liability insurance; or

        (b)     any other general insurance prescribed by the guidelines for this paragraph.

    (2)     The guidelines may—

        (a)     state circumstances in which a premium, or part of a premium, paid for a contract of insurance mentioned in subsection (1) is exempt from duty under part 8.2; or

        (b)     state the extent to which a premium paid for a contract of insurance mentioned in subsection (1) is exempt from duty under part 8.2; or

        (c)     state procedures to be followed to get an exemption from the duty payable under part 8.2 on the premium, or part of the premium, paid for a contract of insurance mentioned in subsection (1).

    (3)     Part 8.2 (other than section 180 and section 181) does not apply in relation to a premium, or part of a premium, paid for a contract of insurance that effects general insurance if, under the guidelines, the premium or the part of the premium is exempt from duty under the section.

    (4)     A determination under subsection (1) is a disallowable instrument.

Note     A disallowable instrument must be notified, and presented to the Legislative Assembly, under the Legislation Act.