For information on insurance (except life insurance) obtained, effected or renewed outside South Australia for a risk wholly or partly in South Australia, please refer to General Insurance (property/risk insured outside South Australia).

When does an insurer need to register?

A company, person or firm that carries on insurance business (an "insurer”) in South Australia must be registered for stamp duty insurance, otherwise a maximum penalty of $10,000 can apply.

How does an insurer register?

New insurers can apply to the Commissioner for registration by completing the Application for Registration as an Insurer form.

When and how is a registration cancelled?

A registration will need to be cancelled where:

An insurer ceases to conduct insurance business in South Australia

To cancel a registration, written notification must be made to RevenueSA indicating the last date that insurance business was conducted.

If required, a final Statement should also be completed at this time detailing premium subject to duty and duty payable up to the date of cancellation.

A company merger has occurred

To cancel a registration, written notification must be made to RevenueSA indicating the:

  • new entity
  • date that the merger occurred; and
  • which legal entities have been affected.

A new Application for Registration as an Insurer may be required for completion depending on the circumstances

Acquisitions of contractual rights and obligations

If a company, person or firm acquires contractual rights and obligations of, or in connection with, the insurance business of some other company, person or firm, the registration does not need to be cancelled.

The acquiring company, person or firm is liable to pay to the Commissioner the amount of any unpaid duty in respect of premiums paid to the other company, person or firm after the end of the period in respect of which such duty was last paid by the other company, person or firm as if those premiums had been paid to the acquiring company, person or firm.

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