Lodging insurance duty returns

After registering as a self assessor, you must lodge an insurance duty return every month.

Your return is due by the 21st of the month following the return period. For example, you must lodge and pay your August return by 21 September. If this day is on a weekend or a public holiday, the due date is the next business day.

Use our interactive tool to work out if you need to pay duty on your policy and the rate that will apply.

Follow these steps to lodge your returns online using OSRconnect:

  1. Make sure your computer meets OSRconnect system requirements.
  2. Read our tutorial on lodging an insurance duty return.
  3. Log in to OSRconnect and lodge your return.
  4. Pay the duty plus any unpaid tax interest (if applicable).

Find out about adding a bank account to make direct debit payments through OSRconnect.

You can get more help with using OSRconnect - find out about user administration, get helpful hints and troubleshooting support.

Deductions

If you are a registered insurer and refunded all or part of a premium, you can claim a deduction of the insurance duty previously paid on the refunded premium. A deduction can only be claimed where the return applying the deduction is lodged within 5 years of the original return.

Insurance duty statement

When an insurer is not registered as a self assessor (for example, an overseas insurance company), the insured person may need to lodge an insurance duty statement (Form D8.2) instead.

The insurance duty statement is due within 30 days of the premium being paid.

You are required to:

  1. Lodge the completed form by:
  2. Pay the duty, plus any unpaid tax interest (if applicable). Contact us for payment options.

If you regularly submit insurance duty statements, we may ask you to consider registering as a self assessor.

Also consider...

Contact

Office of State Revenue

  • Call 1300 300 734 (Australia) or
    +61 7 3179 2500 (overseas)
  • Send an email using our online enquiry form.