The state government handed down the State Budget 2017-18 on 20 June 2017.
In the Budget Speech Treasurer Dominic Perrottet stated that, under the state budget from 1 January 2018 “small businesses with a turnover of less than $2 million will be exempt from paying duties on insurance for commercial vehicles, professional indemnity and public liability”.
This document is designed to provide helpful general guidance on some key issues relevant to this topic. It should not be relied on as legal advice. It does not cover everything that may be relevant to you and does not take into account your particular circumstances. It is only current as at the date of release. You must ensure that you seek appropriate professional advice in relation to this topic as well as to the currency, accuracy and relevance of this material for you.
Liability limited by a scheme approved under Professional Standards Legislation. Legal practitioners of Radford Lawyers Pty Limited are members of the scheme.