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Premium Tables - Fee Insure Plus

NOTE 1. By selecting ‘Returns only’, the insured parties are covered for audits subsequent to a relevant return, covered by the policy, being lodged with the relevant government agency, i.e., the insured party lodges an income tax return with the ATO and it is subsequently audited.

By selecting ‘Compliance & Returns’, the insured parties are covered for audits on ‘Returns’, as outlined above, plus for open audits undertaken (in isolation to a ‘lodged return’) to determine if compliant , i.e., the Office of State Revenue audits the insured party to determine if the business should be registered for Payroll Tax and be lodging Payroll Tax returns. This type of audit wouldn’t be covered by the ‘Returns only’ option, as no returns have actually been lodged to audit.

NOTE 2. The period of insurance aligns with the financial year, which is typically 1st July to 30th June. If your financial year varies, please complete the question on the Application Form.

NOTE 3. Fee Insure is structured to cover Audit Fees for the current financial year (Table 1); the current and previous financial year (Table 2); the current and previous two financial years (Table 3); or the current and previous three financial years (Table 4). If Table 2, 3 or 4 initially selected, the premiums are ‘one-off’ with premiums reverting to Table 1 at next renewal.

NOTE 4. The premiums shown are ‘Base Premiums’. To these ‘Base Premiums’ must be added GST, relevant Stamp Duty and the Policy Admin. Fee. Please follow the premium calculation guide on the Application Form.

NOTE 5. Please refer to the Application Form as an Policy Administration Fee applies.

NOTE 6. Whilst the Sum Insured or Limit of Liability listed on the various Premium Tables are a guide to adequate amounts, we can quote on up to $50,000 anyone entity.


Table 1 - Covers current financial year

Package

Combined Turnover
(millions)

Annual Sum Insured

Base Premium

Returns Compliance & Returns

Individual

N/A

$5,000 $180 $220

Self employed

N/A

$10,000 $1,230 $1,595

Business

<$5m

$10,000 $1,510 $1,970

 

$5-10m

$15,000 $2,075 $2,700

 

$10-15m

$20,000 $2,960 $3,970

 

$15-20m

$25,000 $4,205 $5,460

 

$20-30m

$30,000 $5,445 $7,085

 

$30-40m $40,000 $7,220 $9,390

 

$40-50m

$50,000 $9,025 $11,735


Table 2 - Covers current and previous financial year

Package

Combined Turnover
(millions)

Annual Sum Insured

Base Premium

Returns Compliance & Returns

Individual

N/A

$5,000 $325 $425

Self employed

N/A

$10,000 $2,335 $3,035

Business

<$5m

$10,000 $2,885 $3,745

 

$5-10m

$15,000 $3,835 $5,120

 

$10-15m

$20,000 $5,625 $7,310

 

$15-20m

$25,000 $7,990 $10,385

 

$20-30m

$30,000 $10,355 $13,455

 

$30-40m $40,000 $13,720 $17,840

 

$40-50m

$50,000 $17,150 $22,285


Table 3 - Covers current and previous two financial years

Package

Combined Turnover
(millions)

Annual Sum Insured

Base Premium

Returns Compliance & Returns

Individual

N/A

$5,000 $460 $595

Self employed

N/A

$10,000 $3,315 $4,310

Business

<$5m

$10,000 $4,085 $5,310

 

$5-10m

$15,000 $5,590 $7,285

 

$10-15m

$20,000 $7,985 $10,385

 

$15-20m

$25,000 $11,350 $14,755

 

$20-30m

$30,000 $14,700 $19,120

 

$30-40m $40,000 $19,495 $25,345

 

$40-50m

$50,000 $24,330 $31,675


Table 4 - Covers current and previous three financial years

Package

Combined Turnover
(millions)

Annual Sum Insured

Base Premium

Returns Compliance & Returns

Individual

N/A

$5,000 $755 $750

Self employed

N/A

$10,000 $4,170 $5,425

Business

<$5m

$10,000 $5,150 $6,690

 

$5-10m

$15,000 $7,050 $9,185

 

$10-15m

$20,000 $10,055 $13,075

 

$15-20m

$25,000 $14,300 $18,580

 

$20-30m

$30,000 $18,515 $24,070

 

$30-40m $40,000 $24,545 $31,915

 

$40-50m

$50,000 $30,680 $39,885