Brokers will be asked to confirm the following:
“I confirm that my client (policyholder) is/will be a CGT small business entity (within the meaning of section 152-10 (1AA) of the Income Tax Assessment Act 1997 of the Commonwealth) for the income year in which the insurance is effected or renewed and that I have obtained a declaration to that effect from my client which I am able to produce if requested to do so by the Chief Commissioner.”