Duties Act 1997 No 123
Historical version for 28 June 2010 to 30 June 2010 (accessed 30 January 2015 at 18:54) Current version
Chapter 8Part 2Section 239

239   Imposition of duty

This Part charges duty on:
(a)  a policy of life insurance, and
(b)  a life insurance rider.

(1)   Insurance is defined in the Dictionary to include assurance.

(2)   Generally, the insurer with whom the policy is effected is the person liable to pay the duty. But there are circumstances in which the person insured is liable to pay the duty. These circumstances are set out in section 245.

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