business.gov.au

Registration for Insurance Duty - Western Australia

Description

You will need to be registered to operate as a general insurer. Insurance duty is a percentage of the premium paid in relation to contracts of general insurance.

General insurers write insurance policies that relate to:

  • property
  • a risk or future event.

General insurance does not include insurance for areas such as:

  • life insurance
  • employer liability
  • transport of goods.

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:

  • an authorised general insurer
  • an intermediary who effects an insurance policy with an entity or person who is not a general insurer or unregistered insured person
  • an insured person who has obtained an insurance policy from an entity or person who is not a general insurer or unregistered insured person.

Duration

As specified

Fees

Fees Details for this service in table format.

Task Type Business Structure Description
Apply Application All

Duty is calculated at a rate of 10% on the total premium paid in relation to the policy of general insurance.

Forms

Act(s) name

Duties Act 2008 Western Australia

Application process

Apply

You can register for insurance duty via Revenue Online.

Administering agency

Department of Finance

Office of State Revenue

Contact details

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