Registration for Insurance Duty - New South Wales

Description

You will need to register for insurance duty to operate as a general or life insurer in New South Wales. An insurer is a person or entity who writes insurance, other than as an insurance intermediary, and is authorised to do so under Commonwealth legislation.

Please be aware that duty is payable for each insurance policy you provide. This duty is calculated according to the nature or type of insurance involved, with the amount being a percentage of the premium paid.

Service type

Licence

A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.

Eligibility requirements

To be eligible for this registration, you must:

  • be authorised as a life insurer or general insurer under the Commonwealth Act
  • pay the prescribed fee
  • provide the required information.

Duration

As specified

Fees

Fees Details for this service in table format.

Task Type Business Structure Description
Apply Application All

You do not need to pay any fees.

Act(s) name

Duties Act 1997 New South Wales

Administering agency

Department of Customer Service

Revenue NSW

Contact details

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.