Australian Capital Territory Numbered Acts Australian Capital Territory Numbered Acts(1) A general insurer or a person to whom section 180 applies is entitled to a refund of duty if the general insurer refunds, or there is refunded to the person, the whole or a part of a dutiable premium in respect of the contract of insurance for which duty has been paid.
(2) The refund shall be the duty paid on the amount of the premium refunded.
(3) A general insurer to whom duty is refunded may apply the amount of the refund to offset any other payment required to be made under this Act by the general insurer.