Duties Act 1997 No 123
Historical version for 7 December 2005 to 28 February 2006 (accessed 29 January 2015 at 09:13) Current version
Chapter 8Part 3Section 251

251   Cessation of business and cancellation of registration by the insurer

(1)  A registered insurer who ceases to write insurance business in New South Wales must:
(a)  give written notice of that fact to the Chief Commissioner, and
(b)  lodge the return required to be lodged under this Part, and
(c)  pay the duty payable in connection with the return on or before the twenty-first day of the month after which the notice is given.

Maximum penalty: 100 penalty units.

(2)  The notice cancels the insurer’s registration under this Part on the day on which it is received by the Chief Commissioner.
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