The New South Wales government has unveiled its intention to halve the rate of stamp duty on all general insurance, including public liability insurance, from August 1.
The reduction from 10% to 5% will give the state by far the lowest insurance stamp duty rates in Australia, Treasurer Michael Egan claims.
On top of this, Egan unveiled a number of other tax changes in his 2002/03 Budget speech this afternoon, several of which had been flagged previously.
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