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Saving and re-opening an insurance duty return

eLearning simulation

 The following simulation will show you how to:

  • save a partially completed return as a draft
  • re-open the saved draft for final completion.

See background information for more information about this topic.

The simulation will open in a new window and play back automatically. However, you can pause, fast forward, or rewind the simulation at any time. The image below shows you how.

When you are finished, click the red x to return to this page.

Click the link below to begin.

 

Saving and re-opening an insurance duty return

Play bar image

Background information

Self assessors are registered under Chapter 12 of the Duties Act 2001. Public Ruling DA000.2—Self assessors, the Duties Act 2001 and the Taxation Administration Act 2001 explains the rights and obligations of a registered self assessor under the Duties Act and the Taxation Administration Act.

Insurance duty applies to:

  • general insurance premiums payable by the general insurer
  • life insurance premiums or sum insured payable by the insurer
  • accident insurance premiums payable by WorkCover.

After the premium is paid, the party registered for insurance duty is responsible for self assessing, lodging the return and paying the correct amount.

Note: Returns must be lodged and payment made by the 21st day of the month.

Print it

You can print this step-by-step guide (PDF 100 K) for reference.