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International

State government plans to abolish business insurance duty

May 29, 2023 Reprints

Tim Pallas, treasurer of the Victoria state, said that its government is planning to abolish business insurance duty starting in 2024, making it the first state in Australia to do so, Asia Insurance Review. The move is expected to save businesses more than $275 million Australian ($179.2 million) in the first three years alone.

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State government plans to abolish business insurance duty

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