by clicking the arrows at the side of the page, or by using the toolbar.
by clicking anywhere on the page.
by dragging the page around when zoomed in.
by clicking anywhere on the page when zoomed in.
web sites or send emails by clicking on hyperlinks.
Email this page to a friend
Search this issue
Index - jump to page or section
Archive - view past issues
Journeys : April May 2010
To fnd out more call RACT on 13 27 22 or visit www.ract.com.au ncluding fees & charges apply. Full details of this offer are available on application. B&E Ltd. ABN 32 087 652 088 AFS licence No. 236870 RACT has partnered with Tasmanian fnancial institution B&E Personal Banking to deliver you a great home loan deal. As an RACT member you will pay no application fee on any B&E home loan, saving you up to $650! So let RACT and B&E help you get your dream home without the drama ... or an application fee! Dream home without the drama Home Loan application fee Insurance matters A regular column from RACT Insurance CEO Trent Sayers Do you remember the great debate about the introduction of the GST in the late 1990s, and how it would replace a whole raft of other taxes? The Federal Gover nment touted it as Tax Reform: not a new tax, a new tax system. One of the ta xes that would disappear was state stamp duty. Guess what? It's still there, and I believe it is important that governments are made aware that their charges and ta xes on insurance have an impact on insurance affordability, and therefore on the degree to which people are insured. For every $100 of home insurance premium paid by Tasmanians, ta xation adds nearly an extra $20 to the premium. It makes in surance more expensive than it needs to be; it encourages sometimes dangerous under-insurance; and it acts as an outright disincentive to some people to take out insurance at all. In fact, ta xes on insurance as a share of total state taxes in Tasmania were 7.6% in 2006-2007. That's the third-highest ta x impost on insurance in Australia, behind Victoria a nd South Australia. Insurance as a concept is hundreds of years old. It provides the community with peace of mind, knowing help is at hand when misfortune is suffered. Generally speaking, the level of government taxation on insurance is unhelpful at any time, but more particularly, when the GST was introduced, state gover nments were well- compensated on the basis that taxes like stamp duty would be abolished. In Tasmania, this hasn't happened, so as well as a relatively new GST, the gover nment is still second-dipping with stamp duty. R ACT Insurance wants to end this and we will be taking a vigorous approach with the incoming govenment. In the meantime, I take some heart from the Henry Ta x Review. The word around Canberra is that the review will recommend the removal of state charges and ta xes on the insurance industry. There is no doubt that we're seeing increased events of natural disaster, whether it be storms, floods, or bushfires. Insurance is critical to the economy in en suring the efficient recovery from natural disasters. If people aren't insured, the impost on the taxpayer is much worse when it comes time to rebuild after a major bushfire, stor m or flood. WIN! Chrysler's AP6 Valiant, a true 1960s classic, is a recent addition to the beautifully-detailed range of 1:43 Trax scale models. Enter our competition and add this model to your collection -- write your contact details on the back of an envelope and mail to Trax, RACT Marketing, GPO Box 2271, Hobart 7001. Entries close 4 May. See the whole Trax range at www.topgear.com.au 21 April / May 10
Feb March 2010
RACT MNJ June July 2010