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Legislative Assembly for the ACT: 2002 Week 7 Hansard (6 June) . . Page.. 2085 ..

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Schedule of amendments

Schedule 1

Duties (Insurance Exemptions) Amendment Bill 2002

Amendments circulated by Ms Dundas

Clause 6

Page 3, line 1-

omit clause 6, substitute

6 New section 200A, part 8.6

insert

200A Definitions for pt 8.6

In this part:

eligible organisation means-

(a) a charitable organisation; or

(b) an organisation, whether incorporated or not, that-

(i) is formed to facilitate sport or other physical activity that promotes health or physical fitness; and

(ii) is a not-for-profit organisation; and

(iii) did not, in the last complete financial year, receive more than 20% of its total revenue from a single person; and

(iv) did not, in the last complete financial year, derive more than 20% of its revenue from non-sporting activities.

not-for-profit organisation means an organisation, whether incorporated or not, that has a constitution prohibiting the organisation from making a distribution in money, property or any other way to its members other than for salary or allowances payable to the members for services performed by them for the organisation.

7 New sections 201A and 201B

insert

201A Exemption from duty of insurance for eligible organisations

(1) The following insurances are exempt from duty under this chapter if purchased by or for an eligible organisation:

(a) public liability insurance for claims against the organisation;

(b) public liability insurance for a claim against a member of the organisation by another member;

(c) directors and officers liability insurance purchased for directors or officers of the organisation in relation to their duties as directors or officers of the organisation;

(d) personal injury insurance purchased for members of the organisation;

(e) workers compensation insurance;

(f) professional indemnity insurance for members, employees or contractors of the organisation in relation to their duties as members, employees or contractors;

(g) insurance against theft of money from the organisation or its members;

(h) insurance for loss of, or damage to, equipment of the organisation;

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