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 | |||
| Premium to Policyholder | $100.00 | $100.00 | $100.00 | $100.00 | $100.00 | $100.00 | $100.00 | |
| FSL - Estimated Charge | 28% | $28.00 | $28.00 | $28.00 | $28.00 | |||
| $128.00 | $100.00 | $100.00 | $100.00 | $128.00 | $128.00 | $128.00 | ||
| GST | 10% | $12.80 | $10.00 | $12.80 | $12.80 | $12.80 | ||
| $140.80 | $110.00 | $140.80 | $140.80 | $140.80 | ||||
| Stamp Duty | 10% | $14.08 | $11.00 | $10.00 | $14.08 | $14.08 | $14.08 | |
| $154.88 | $121.00 | $110.00 | $154.88 | $154.88 | $154.88 | |||
| Carbon Tax | 0% | $0.00 | $0.00 | $0.00 | $0.00 | |||
| Total Policyholder Charge | $154.88 | $121.00 | $110.00 | $100.00 | $154.88 | $154.88 | $154.88 | |
| Change in Policyholder's Expence SD, GST, FLS, TA, CT | 54.9% | 54.9% | 54.9% | 54.9% | ||||
| Tax on Tax on Tax Effect SD, GST, FLS, TA, CT | 6.9% | -48.0% | -48.0% | -48.0% | 6.9% | 6.9% | 6.9% | |
