Insurance Acts and Another Act Amendment Act of 1940 (4 Geo Vi No. 24) (Qld)

INCOME TAX—INSURANCE. 17947 4 Go. VI. No. 24, 1940. Insurance Acts and Another Act, Etc., Act. 4. No gift duty shall be payable under *" The Exemption Gift Duty Act of 1926" in respect of gifts mentioned in f d i u ' t m y o g f ift section three of this Act. certain gifts. 5. Notwithstanding anything contained in t" The When estate Succession and Probate Duties Acts, 1892 to 1935," where the total value of the estate of the deceased in or out of Military, or Queensland does not exceed five thousand pounds and erzporferso the deceased was a member of the Naval, Military, or death Air Forces of the Commonwealth or of any part of the duties ' King's Dominions or of an Ally of Great Britain who during the present war between His Majesty the King and Germany and Italy or within one year after its termination dies on active service or as a result of injuries received or disease contracted on active service, no probate or administration or succession duty shall be payable under if The Succession and Probate Duties Acts, 1892 to 1935," by any successor to the whole or any part of the estate of the deceased. INSURANCE. An Act to Amend "The Insurance Acts, 1916 to 4 G N E o O . 2 . 4V. I. 1934," and. "The Motor Vehicles Insurance INSUTRHAENCE ACTS AND Acts, 1936 to 1939," respectively, each in AANMOETNHDEMREANCTT certain particulars. ACT OF 1940. [ASSENTED TO 21ST NOVEMBER, 1940]. • - 111 E it enacted by the King's Most Excellent Majesty, by and with the advice and consent of the Legis- lative Assembly of Queensland in Parliament assembled, and by the authority of the same, as follows :- 1. (1.) This Act may be cited as " The Insurance Short title. Acts and Another Act Amendment Act of 1940." (2.) t" The Inowrance Acts, 1916 to 1934," and Collective s " e T c h t e io I n ns t u w ra o n o c f e t A h c is ts A , 1c9t1m6 a to y 1b9e40c. o"llectively cited as t IA i n t cs l t e usr, o a 1f n 9 c " 1 e 6 Thtoe 1934," and * 17 Geo. V. No. 23, supra, page 11569. s. 2 hereof. t 66 Vic. No. 13 and amending Acts, supra, pages 8989 et seq. 7 Geo. V. No. 27 and amending Acts, supra, pages 7497 et seq.

17948 INSURANCE. l'TUJurance Acts and Another Act, Etc., Act. 4 GEO. VI. No. 24,1940. Collective (3.) *" The Motor Vehicles Insurance Acts, 1936 to H~ ~ ~ kotor 1939," and section three of this Act may be collectively Vehicle8 cited as "The Motor Vehicles Insurance Acts, 1936 to IAncstu8,ra 1 n 9 c 3 e 6 to 1940 • " 1939," and B. 3 hereof. Amendments 2. Section seventeen of t" The Insurance Acts, 1916 ~ ~ ;: : Ce to 1934," is amended as follows : - Acts, 1916to (a) In subsection nine of the said section the word 1934." " person" is repealed and the word " broker " is inserted in lieu of such repealed word. (b) The following subsection, n umbered (9A), is inserted after subsection nine of the said section, namely :- Renewal of "(9A.) No agent licensed under the next succeeding aligceennst. e as section hereof shall be entitled to a renewal of such license unless the chief representative of the insurer whom such agent represents shall make a statutory declaration in the prescribed form (which shall be deemed to be an application for such renewal) that such agent has duly observed the provisions of this section during the period covered by such declaration." Amendments 3. *" The Motor Vehicles Insurance Acts, 1936 to ~ ; ; ; he 1939, " are amended as follows : - Vehicle8 (a) In subsection one of section three thereof the IAncstu8r, a 1 n 9 c 3 e 6 to words " or h I ' S estat"e are m. sert ed be J l ." ore t he words 1939." " shall become legally liable." (b) The following new subsection, numbered (2A), is inserted after subsection two of section three thereof, namely:- "(2A.) If the owner of a motor vehicle or his estate becomes legally liable by way of damages in respect of such motor vehicle for accidental bodily injury (fatal or non-fatal) to a person (not being a person excepted by subsection one of this section) who is a worker within the meaning of t" The Workers' Compensation Acts, 1916 to 1939," then any compensation under such last- mentioned Acts in respect of which the Insurance Commissioner is entitled to be indemnified by such owner or his estate shall be, and it is hereby declared always has been, damages within the meaning of this Act." (c) In section four thereof the words "and his estate" are inserted after the words" owner for the time being." '" 1 Edw. VIII. No. 31 and amending Act, supra, pages 16351 et seq. t 7 Geo. V. No. 27 and amending Acts, 8upra, pages 7497 et 8eq. t 6 Geo. V. No. 35 and amending Acts, supra, pages 9851 et 8eq.