NSW Stamp Duty Exemption

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In order to get your insurance cheaper by removing the Stamp Duty you need to complete this form so we can supply it to your insurer to declare your turnover is under $2 million.

 

NSW Stamp Duty Exemption

  • Notes: 1. Aggregated turnover is your Australia wide annual turnover plus the annual turnovers of any business entities that are your affiliates or are connected with you. 2. A fraudulent declaration may invalidate your insurance contract. 3. The declaration covers all policies issued to you during the financial year ended 30 June 2018. 4. An insurer will place reliance on your declaration in charging the applicable insurance duty. 5. False declarations may result in penalties up to $11,000 by Revenue NSW plus the insurance duty not paid and penal interest on that balance. 6. Revenue NSW may also be able to clarify your queries relating to the law and your obligations.