
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...
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