Insurance

IRD planning crackdown on insurance advisers

Tuesday 6th of January 2009

Commissions earned from the sale of life insurance business, such as whole-of-life policies and term insurance are exempt from GST as they are financial services. But non-life insurance business, such as income protection and health and disability insurance is not.

Institute of Financial Advisers president Lyn McMorran says some insurance advisers may not be aware of the requirements to...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.