Exemptions

covering only property of the Crown in the right of NSW

effected by a separate policy for a distinct sum against loss by fire on the tools, implements of work or labour used by mechanics, artificers, handcrafters and labourers

taken out by or on behalf of a non-profit organisation having as one of its objects a charitable, benevolent, philanthropic or patriotic purpose

taken out by or on behalf of a society or institution having as one of its objects the relief of poverty, promotion of education, defence or other patriotic object, or where it is considered to be charitable

covering mortgages or pools of mortgages acquired for the purpose of issuing mortgagebacked securities

hospital or medical benefits insurance

Workers Compensation

Compulsory Third Party for Motor Vehicles;

insurance of:

redundancy insurance in respect of a housing loan where the sum insured doesn't exceed $124 000

reinsurance (being a contract between two parties where one party indemnifies the other against liability or payment under a contract of insurance or reinsurance)

an annuity

policies of life insurance, being group superannuation investment policies, owned by the trustee of a superannuation plan for the benefit of more than one member of the plan.