New South Wales Consolidated Acts
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DUTIES ACT 1997 - SECT 258
Apportionment between different types of insurance
258 Apportionment between different types of insurance
(1) This section applies to apportionment between different types of insurance
that are relevant to determining liability for duty, such as general
insurance, life insurance and insurance that is exempt from duty. It does not
apply to the apportionment of a premium or another amount between New South
Wales and another place. Division 1 deals with that kind of apportionment.
(2) This section also applies to apportionment between different types of
insurance referred to in section 233.
(3) If the Chief Commissioner is not
satisfied that a premium paid or another amount in relation to a contract of
insurance that effects different types of insurance has been properly
apportioned, the Chief Commissioner may determine the apportionment, reassess
the liability to duty and charge duty accordingly.
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