STAMP DUTIES ACT 1923 - SECT 36
STAMP DUTIES ACT 1923 - SECT 36
36—Certain premiums exempt from duty
The following premiums are exempt from duty under this Division:
(a) a
premium received or charged in respect of reinsurance;
(b) a
premium received or charged under a private guarantee fidelity insurance
scheme promoted amongst and sustained solely for the benefit of the officers
and servants of a particular public department, company, person or firm and
not extended, either directly or indirectly, beyond such officers and
servants;
(c) a
premium received or charged under a scheme referred to in paragraph (b)
promoted amongst and sustained solely for the benefit of the officers and
members of a friendly society or branch thereof and not extended, either
directly or indirectly, beyond such officers and members;
(d) a
premium received or charged for life insurance in respect of investment and
not in respect of a risk insured by the policy under which the premium is
paid;
(e) a
premium received or charged in respect of a life or personal
accident insurance risk where the principal place of residence of the insured
person is in the Northern Territory and the policy under which the premium is
paid is registered in a registry kept in the Northern Territory pursuant to
the Life Insurance Act 1995 of the Commonwealth;
(f) a
premium received or charged under a policy of workers compensation insurance
where the premium is referable to insurance against liability to pay workers
compensation in respect of workers under the age of 25 years;
(g) a
premium received or charged under a policy of insurance by a body registered
under Part 4-3 of the Private Health Insurance Act 2007 of the
Commonwealth where the premium is referable to insurance against medical,
dental or hospital expenses;
(h) a
premium received or charged in respect of life insurance providing for the
payment of an annuity to the person insured;
(i)
a premium received or charged in respect of the insurance
of the hull of a marine craft used primarily for commercial purposes or in
respect of the insurance of goods carried by railway, road, air or sea or of
the freight on such goods;
(j) a
premium received or charged in respect of multi-peril crop insurance where the
policy under which the premium is payable commenced on or after 1 January
2018.