New South Wales Consolidated Acts

INSURANCE PROTECTION TAX ACT 2001 - SECT 6

6 Insurers to notify Chief Commissioner of premium income for preceding financial year

(1) An insurer must, on or before 15 August in each year, lodge with the Chief Commissioner a return in a form approved by the Chief Commissioner specifying:

(a) the total amount of premiums received by it in relation to general insurance in the preceding year, and

(b) the total amount of any refunds of premiums made by it in relation to general insurance in the preceding year.

Maximum penalty: 100 penalty units.

(2) A single return for a year may be lodged on behalf of two or more insurers who are related bodies corporate within the meaning of the Commonwealth Corporations Act 2001 .