NobleOak Evaluates Impact of Victorian Stamp Duty Reforms

An announcement from NobleOak Life Ltd ( (AU:NOL) ) is now available.

NobleOak Life Ltd is assessing the impact of recent amendments to the Victorian Duties Act 2000, which alter stamp duty exemptions for insurance contracts insuring Victorian residents. While the changes do not affect death benefit premiums, NobleOak is working with the State Revenue Office of Victoria to understand the implications for its business. The company anticipates that any impacts will be limited to the implementation phase, with potential adjustments to future premiums mitigating further effects.

More about NobleOak Life Ltd

NobleOak Life Ltd is an independent, multi award-winning, APRA-regulated Australian life insurance provider with a history spanning 147 years. Originating from the United Ancient Order of Druids Friendly Society of NSW, the company has evolved since its demutualisation in 2011 to offer direct-to-consumer life insurance products through a digital platform. NobleOak also manufactures white-labelled products for strategic partners, focusing on providing high-value, easy-to-understand, and competitive life risk insurance products.

YTD Price Performance: -6.33%

Average Trading Volume: 89,340

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$135.7M

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