Document ID: chunk:federal_register_of_legislation:F2024L00813:reg:3:p2
Version: federal_register_of_legislation:F2024L00813
Segment Type: reg
Provision Reference: reg 3 (pt 2/2)
Character Range: 12627–14444

that person in tort, contract or under statute law in respect of advice or services provided as part of his or her professional practice, including cover in respect of damages and legal expenses; and
 (b) directors' and officers' liability insurance and legal expense insurance; and
 (c) medical indemnity insurance.
public liability insurance includes:
 (a) insurance covering legal liability to the public in respect of bodily injury or property damage arising out of the operation of the business of the insured person or body; and
 (b) insurance in respect of environmental clean‑up costs resulting from pollution where not covered by Fire and Industrial Special Risk policies.
the Act means the General Insurance Supervisory Levy Imposition Act 1998.
Note: Expressions used in this Part have the same meaning as in the Act—see subsection 1‑5(1) of this instrument.
valuation day, in relation to a general insurance company, means:
 (a) for a general insurance company that is a general insurance company at all times during the period from 17 March in the previous financial year to the following 30 June—31 March in the previous financial year; and
 (b) for a general insurance company that was not a general insurance company at all times during the period from 17 March of the previous financial year to the following 30 June—the day after 17 March in the previous financial year when the general insurance company became a general insurance company.

5-2  General component
  For the purposes of paragraphs 8(3)(a), (b), (c) and (ca) of the Act, the following table sets out matters for the current financial year.

General component
Item               Company                    Maximum restricted levy amount ($)  Minimum restricted levy amount ($)  Restricted levy percentage  Unrestricted levy percentage