DUTIES ACT 1997 - SECT 239 Imposition of duty

DUTIES ACT 1997 - SECT 239

239 Imposition of duty

This Part charges duty on--

(a) a policy of life insurance, and

(b) a life insurance rider.

Notes :

(1)
"Insurance" is defined in the Dictionary to include assurance.

(2) Generally, the insurer with whom the policy is effected is the person liable to pay the duty. But there are circumstances in which the person insured is liable to pay the duty. These circumstances are set out in section 245.