Long title

Part 1 Preliminary

1 Name of Act

2 Commencement

3 Definitions

Part 1A Abolition of tax

3A Abolition of tax—effective 1 July 2011

3B Liabilities not affected

3C Refunds of tax from Policyholders Protection Fund

Part 2 Imposition of tax

Division 1 Insurers

4 Imposition of tax on insurers

5 Annual determination of total amount of tax to be collected from insurers

6 Insurers to notify Chief Commissioner of premium income for preceding financial year

7 Offence for lodging false or misleading particulars

8 Apportionment of tax between insurance companies

9 Premiums

10 Receipt and refund of premiums

11 Reassessment of tax liability of insurers

Division 2 Insured persons

11A Liability of certain insured persons

Division 3 Apportionment of premiums

12 Apportionment of premiums between New South Wales and other places

13 Apportionment of premiums between different types of insurance

Part 3 Payment of tax

14 Relationship with Taxation Administration Act 1996

15 Payment of tax by quarterly instalments

Part 3A Policyholders Protection Fund

16 Definitions

16A Declaration of insolvent insurers

16B Policyholders Protection Fund

16C Tax to be paid into Policyholders Protection Fund

16D Application of Policyholders Protection Fund—claims under home building insurance contracts of insolvent insurers

16E Application of Policyholders Protection Fund—claims under third-party motor accident policies of insolvent insurers

16F Repayments to Policyholders Protection Fund

16G Repayments to Policyholders Protection Fund—money recovered from motor accident insolvent insurers and re-insurers

16H Policyholders Protection Fund to reimburse additional money advanced from Consolidated Fund

Part 4 Registration of insurers

17 Insurers must be registered

18 Application for registration

19 Cancellation of registration by Chief Commissioner

20 Cessation of business and cancellation of registration by the insurer

20A Register of insurers

Part 5 Miscellaneous

21 Recovery of tax prohibited

22 Effect on contract of insurance of failure to comply with this Act

23 Proceedings for offences

24 Regulations

25 Review of Act

26 (Repealed)

27 Tax liability for year commencing 1 July 2001

28 Transitional—State Revenue Legislation Further Amendment Act 2005

Historical notes