Apportionment of premiums for insurance duty
When calculating duty, general insurers must apportion all premiums paid on insurance contracts that relate to:
- property that at the time of insurance is located in Queensland and in another state or territory
- a risk concerning an act or omission that within the normal course of events may occur within, or partially within, Queensland and in another state or territory.
Apportionment applies to a contract of life insurance for people living in Australia, where at least one person has a home in Queensland when the policy is issued.
Where applicable, premiums should be apportioned as described in the Schedule of Apportionment. You can find the Schedule of Apportionment in Schedule 2 of the Duties Regulation 2013.
Applying to change how a premium is apportioned
As an insurer or insured person, you can request in writing that we apportion a premium on another basis.
You can make a written application to:
Queensland Revenue Office
GPO Box 2593
Brisbane QLD 4001