Here’s some helpful information about how the new GST rate will affect your insurance.

New Annual Premiums

The GST rate for new annual premium payments will be determined by the date of the invoice issued to you.  This means if your policy is invoiced prior to 1 October 2010, the GST rate will be 12.5%.  If it is invoiced on or after 1 October 2010, the GST rate will be 15%.

Annual Renewals

The renewal notice for any annual policy with a renewal date of 1 October or later will show 15% GST.  However, it will be possible to reduce the GST charged to 12.5%, if you contact us and pay before 1 October.

Instalment Policies

Any instalment payment due after 1 October 2010 will generally remain at the 12.5% GST rate, (with a few exceptions).  Following the first renewal after 1 October, instalments will incur the new 15% GST rate.

Frequently Asked Questions

Can I pay my premium early?

Yes

Will I get charged GST at 15% if I pay you before 30 September 2010?

No

Are my Fly Buys points calculated on the value before GST or after?

Fly Buys points are based on the total value owing, so this is the GST inclusive value.  This means you will get more Fly Buy points.

Will my excess value go up now?

No

Does this affect any of the benefits that I enjoy under my policy? E.g. Roadside rescue, Windscreen repair, etc?

No

Will my instalments be affected?

With few exceptions, the GST increase from 12.5% to 15% will not occur until your policy renews.  We will be notifying instalment customers who will be affected by the GST increase before 1st October 2010.

I pay my instalments monthly.  I thought that the schedule you originally gave me of my instalments would still be valid?

The schedule generally remains valid, though there are a few exceptions to this.  We will be notifying those instalment customers who will be affected by the GST increase before 1 October 2010.