Western Australian Current Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

DUTIES ACT 2008 - SECT 226

226 .         Refunds of duty if premium refunded

        (1)         If —

            (a)         a general insurer has paid duty in respect of a contract of insurance; and

            (b)         the insurer has refunded some or all of the premium for the contract,

                the insurer is entitled to a refund of the duty paid to the extent to which the premium was refunded.

        (2)         If —

            (a)         a person has paid duty in respect of a contract of insurance; and

            (b)         the insurer has refunded some or all of the premium for the contract,

                the person is entitled to a refund of the duty paid to the extent to which the premium was refunded.

        (3)         For the purposes of this section, an insurer refunds an amount of a premium if the insurer or an intermediary of the insurer —

            (a)         repays the amount to the insured person; or

            (b)         otherwise provides a benefit to the insured person to the value of the amount refunded.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback