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Do I need to pay taxes on my policy premium?
Do I need to pay taxes on my policy premium?

Tax

Updated over a week ago

There are a couple of taxes that we include in your price, so you don’t have to worry about any hidden charges. These are:

1. GST: national tax on goods and services of 10%

2. Stamp Duty: between 0% and 9% depending on the type of insurance you’re taking out, your revenue and the state that your business operates out of. For example, in NSW there is a Small Business Stamp Duty Exemption for Public Liability insurance policies.

3. ESL (Emergency Services Levy): is a charge on property insurance.

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