Insurance duty reassessments

If you have made an error in lodging an insurance duty return or insurance duty statement, you can apply for a reassessment. You must not make adjustments in future returns to compensate for an error.

If you’ve already paid insurance duty and believe that you were eligible for an exemption, contact us to apply for the exemption. If the exemption is granted, we will issue an insurance duty reassessment and refund.

You can send your reassessment request or exemption application to us. You should include all supporting evidence and original assessment details with your application.

There are 2 ways you can request a reassessment:

• Option 1: Send an email to insuranceduty@treasury.qld.gov.au.
• Option 2: Post your request to
  Queensland Revenue Office
  Duties
  GPO Box 2593
  Brisbane QLD 4001.

If you are an approved exempt charitable institution or not-for-profit community organisation and you are seeking a refund of the insurance duty you have paid on your premium, you will need to contact your insurer.

If the reassessment decreases your liability and you have overpaid, we will apply the overpayment to any outstanding liabilities you have, then refund any remaining amount to you.

If you have shown the correct amount in your lodged return but have accidentally overpaid, you can request the refund of the overpayment by emailing insuranceduty@treasury.qld.gov.au. Make sure to include:

• your client details
• the reason for the overpayment
• the return period in which you overpaid insurance duty.

If you have no outstanding liabilities and a refund is due, we may:

• transfer funds to your nominated bank account (see how to set up your bank details)
• hold the amount for any liability that might arise within 60 days.

You have up to 5 years from the date of the overpayment to request a reassessment.

Also consider…

• Learn more about reassessments under section 17 of the Taxation Administration Act 2001.
• Find out how to update your bank details in QRO Online.
• See more about lodging insurance duty returns.
• Learn about insurance duty exemptions.