DUTIES ACT 1997 - SECT 246 Refund on cancellation of policy of life insurance
DUTIES ACT 1997 - SECT 246
Refund on cancellation of policy of life insurance246 Refund on cancellation of policy of life insurance
If a premium is refunded to a person because the person cancels a policy of life insurance within 30 days after receiving the policy, a person who has paid duty in respect of the policy is entitled to a refund of the duty.