Premium Impact of Terrorism ACT, Fire Levy, GST and Duty -v2
Commercial Property Insurance (Australian Resident Insurer)
| With Terrorism Coverage | Without Terrorism & FSL | Without Terrorism, FSL & GST | Without Terrorism, FSL,GST & Duty | With Terrorism Coverage | ||||
| CBD, Urban & Country | CBD, Urban & Country | CBD, Urban & Country | CBD | Urban | Other | |||
| Base Premium | $100.00 | $100.00 | $100.00 | $100.00 | $100.00 | $100.00 | $100.00 | |
| Terrorism Reinsurance Rates. | ||||||||
| Gross Up TA (with assumed 15% Commission) | 0% | $0.00 | $0.00 | $0.00 | $0.00 | |||
| Total premium on Invoice | $100.00 | $100.00 | $100.00 | $100.00 | $100.00 | $100.00 | $100.00 | |
| GST | 10% | $10.00 | $10.00 | $10.00 | $10.00 | $10.00 | ||
| $110.00 | $110.00 | $110.00 | $110.00 | $110.00 | ||||
| Stamp Duty | 11% | $12.10 | $12.10 | $11.00 | $11.00 | $11.00 | $11.00 | |
| $122.10 | $122.10 | $111.00 | $121.00 | $121.00 | $121.00 | |||
| Carbon Tax | 0% | $0.00 | $0.00 | $0.00 | $0.00 | |||
| Total Policyholder Charge | $122.10 | $122.10 | $111.00 | $100.00 | $122.10 | $122.10 | $122.10 | |
| Change in Policyholder's Expence SD, GST, FLS, TA, CT | 22.1% | 22.1% | 22.1% | 22.1% | ||||
| Tax on Tax on Tax Effect SD, GST, FLS, TA, CT | 1.1% | 1.1% | 1.1% | 1.1% | ||||
