Resources, licences & regulations

Insurance & the Goods & Services Tax (GST)

If you're registered for GST, you may be able to claim tax credits for the GST component of your insurance premium. These credits can be used to offset the amount of GST you pay to the Australian Taxation Office (ATO).

To claim a tax credit, you should tell your insurer how much of the premium that you are able to claim for. You can claim GST credits on the part of your premium that relates to business purposes. If you don't tell your insurer before making a claim, you may have to pay GST when your claim is settled.

For more information on whether you can claim GST credits, visit the ATO website.

What to do...

  • Contact the ATO for advice on claiming GST credits from your business insurance premiums.
  • Contact your insurer to discuss the proportion of your premium you can claim GST credits for.

More information...

This information is brought to you by business.gov.au and Moorabool Shire Council

Featured projects

Life's exactly how it's meant to be in Moorabool...easy

As residents of Moorabool Shire, we know a secret. And it is time we shared the secret with everyone else.... That living...

Businesses begin building at Kennedy Place Industrial Estate

With civil construction one of Council's largest ever infrastructure projects, the Kennedy Place Industrial Estate, now...

Kennedy Place Industrial Estate Open for Business

Kennedy Place Industrial Estate in Bacchus Marsh is one of the largest infrastructure projects undertaken by the Moorabool...

Latest news

Mantle Mining Exploration Update to ASX 17 October 2011

Mantle Mining provided an update to the ASX on 17 October regarding the drilling program at...

NBN to Roll Out in Moorabool Shire

NBN Co. announced that works are set to begin deployment of NBN Fixed Wireless and Fibre Optic networks in...

Mantle Mining Exploration WorkPlan for Parwan

The Victorian State Governement Department of Primary Industries issued Exploration Licence EL5294...