Admin Guide: Overseas Placements & NRIT

Modified on Wed, 5 Nov at 3:23 PM

Overseas Placements & Non-Resident Insurance Tax (NRIT) - Setup & Configuration

Dive into this article to uncover the key INSIGHT settings that need a tweak to power up the NRIT feature in your ledger.

Activate NRIT
Ledger: Defaults
Class of Risk: Stamp Duty & FSL Rates
Overseas Insurer/s
Miscellaneous Creditors
Ledger: Miscellaneous Creditors
GST
- GST Exempt Status
- Client GST Registration
Foreign Insurer Letter

Activate NRIT

Heads up! This setting is reserved exclusively for System Administrators. If you’ve got the right access, you’re all set to activate NRIT.

Click the Details button to view step by step instructions.

1. Select the Setup, Configuration, then System Configuration Options.

2. Search for NRITEnabled -

If it exists, ensure that the value is Y. If not, select Edit and change the value to Y.

If the setting does not exist, select Add, then in the Key field, enter NRITEnabled and in the Value field, enter Y.

Ledger: Defaults

INSIGHT Administrators manage the setup of the Non-Resident Insurer Tax Rate and the Fire Brigade Charges Scheme Deduction Rate right within the Ledger settings.

Click the Details button to view step by step instructions.

1. Select Setup, Ledger and Defaults.

2. Select Edit and update the rates as required.

Class of Risk: Stamp Duty & FSL Rates

Attention, Aussie brokers! Here's the lowdown on Levy Rates:

Levy Rates are set up in Configuration, linked to a Class of Risk.
That Class of Risk can be applied to both local and overseas insurers.
If it's tied to a local insurer, you can tweak those rates directly in the Policy Wizard.
But if it's linked to an overseas insurer, the rates are locked in for State Allocation calculations and can't be changed in the Policy Wizard.

Click the Details button to view step by step instructions.

1. Select Setup, Configuration, then Classes of Risk.

2. Search for the class of risk you wish to update - if it doesn't exist, select Add to create that class of risk.

3. Once you've located or created the class of risk, select View.

4. On the Class of Risk page, just scroll down to the bottom — that’s where the Levy Rates section lives. Once you're there, hit “Add Levy Rates” to get started!

5. A pop-up window will be displayed - enter the Levy Effective From date, the State, and the FSL/ESL and Stamp Duty Rates (refer to our Levy Rates Quick Guide for more info on these fields!).

6. Select Done to save the Levy Rates - this attaches your update to the class of risk.

7. Continue to add levy rates for each state until complete.

NOTE: 
 Heads up! Updating Levy Rates won’t retroactively change the rates on any unposted transactions — those will need a manual update.

You can attach Custom or Excel Risk forms to a Class of Risk to capture schedule details. But keep in mind: for Overseas Placements, premium entry isn’t supported through Excel Risk forms.

Check out the Levy Rates Quick Guide by clicking the Details button!

Field	Definition
Levy Effective From	The date selection field sets the starting point for when a Levy Rate kicks in. If a transaction’s effective date is on or after the Levy’s start date, the current Levy Rate will apply. If the transaction’s effective date is before the Levy’s start date, the system will use the previous Levy Rate instead.
State	Choose the state you're setting up levy rates for - the options are ACT, NSW, NT, QLD, TAS, VIC and WA.
FSL	The percentage field automatically calculates the FSL/ESL amount based on the Client’s State — or the Branch State if the Client is outside Australia. If the transaction isn’t an overseas placement, you can adjust this amount during the Invoice Premium step in the Policy Wizard.
Stamp Duty	Same as above, the percentage field automatically calculates the Stamp Duty amount based on the Client’s State — or the Branch State if the Client is outside Australia. If the transaction isn’t an overseas placement, you can adjust this amount during the Invoice Premium step in the Policy Wizard.

Overseas Insurer/s

Setting up an Overseas Insurer unlocks the ability to allocate NRIT and other applicable taxes right within the Policy Wizard — making tax handling smooth and compliant!

To create a new Overseas Insurer, click the Details button to view step by step instructions.

1. Select Add, Add Insurer, complete the neccesary information in the Profile page. then proceed to the Classification page.

2. Refer to these notes when choosing options for the following fields:

Insurer Type = choose Insurer
APRA Type = if unsure, consult your compliance advisor or check in directly with the Insurer you're setting up.
Overseas Insurer = Yes

3. Refer to our Classification Quick Guide for more info on how to complete the rest of the page.

4. Complete the rest of the wizard and select Save.

Check out the Classification Quick Guide by clicking the Details button!

Field	Definition
Country of Origin	Choose the country the Insurer is based in
Non-resident Insurer Tax applies	Yes – Adds a calculation using the rate set in Ledger Settings straight into the Policy Wizard. No – Skips the NRIT calculation entirely in the Policy Wizard. ⚠️ Important: Once transactions are posted, this setting is locked in and can’t be changed.
Fire Brigade Charge Scheme	Yes – Adds a calculation using the rate set in Ledger Settings directly into the Policy Wizard. No – Skips the Fire Brigade Charge calculation in the Policy Wizard.
Foreign Insurer Letter	Choose from Yes or No
Lloyds Coverholder	Yes – Choose this if you are a Lloyd’s Coverholder (not the insurer you're adding). No – Select this if you're not a Lloyd’s Coverholder. ⚠️ Important: Once transactions are posted, this setting is locked and can’t be changed. Note: You may need to register with the ATO for each Lloyd’s Coverholder facility you manage.
Remittance Advice Format	Should be left as & defaults to BrokerPlus
Included Printed Copy	Should be left as & defaults to Yes - generates remittance advice upon payment of Insurer
Allow Part Payments	Your selection here affects how the Insurer Payment wizard operates! Yes – Gives you the flexibility to overwrite the Approved Payment amount. No – Locks the Approved Payment to the balance payable, with no option to change it.
Automated Notifications	Yes – The system sends an email to the insurer once a policy passes its credit term due date, based on how you've configured the feature. No – Notification are not sent.

Add Class of Risk to Overseas Insurers

Before you can process NRIT transactions, make sure the Overseas Insurer has the right Classes of Risk configured — it’s a must-have step to get things rolling!

Click the Details button to view step by step instructions.

1. Search for and view the Insurer, then select the Classes of Risk tab and select Add Insurer Class of Risk.

2. In the Class of Risk dropdown, choose the relevant class of risk you want to link to the Insurer (refer to our Insurer Class of Risk Quick Guide for more info!).

3. Complete the neccessary information in the page and select Save.

Check out the Insurer Class of Risk Quick Guide by clicking the Details button!

Field	Definition
Class of Risk	Choose class of risk you wish to link to the Insurer - the dropdown options are what's available in Configuration.
Status	Your choice here determines if the class of risk is avaialble in the Transaction wizard! Active – Makes the Class of Risk selectable when the Insurer is chosen. Inactive – Hides the Class of Risk from selection when that Insurer is picked.
Notes	A handy space for administrators to drop in free-text notes — perfect for adding context, reminders, or any extra details that don’t fit elsewhere.
Commission	This is the commission percentage you've agreed upon with the Insurer — it's the amount payable directly to you
Override Authorised Rep Earnings	Your choice here affects the Add Insurer Class of Risk wizard! Yes – Adds a another page in the Wizard to configure specific commissions and fees for this Insurer + Class of Risk combo. Applies to all Authorised Reps. No – Skips that setup, meaning no custom AR commissions or fees will be configured for this combination.
Credit Terms	The number of days of credit agreed with the Insurer
Days Held Cover	The number of Days Held Cover agreed with Insurer
Email Address	Just a heads-up: Emails tied to a specific Insurer + Class of Risk combo won’t show up in the processing wizards — they’re kept out of the workflow view.
Auto Policy Number	Yes – Automatically inserts a numeric value into the Policy Number field in the Policy Wizard. No – Leaves the field blank, so you can enter the Policy Number manually.
Policy Number Prefix	This free-text field lets you add a custom prefix — whatever you type here will automatically appear before the numeric value of the Auto Policy Number in the Policy Wizard.
Policy Number Suffix	This fee text field lets you add a custom suffix — whatever you enter here will automatically appear after the numeric value of the Auto Policy Number in the Policy Wizard.
Background Funder on Invoice	In the Transaction wizard, this setting automatically selects the background funder that’s been configured for the specific Insurer + Class of Risk combo — saving you time and ensuring consistency during processing.
Enable Scheduled Payments	Yes – Activates the Scheduled Payments feature, letting you split premiums across multiple invoices, each with its own due date and credit terms based on the configured Classes of Risk. No – Keeps things simple with a single invoice showing the total balance payable.

Miscellaneous Creditors

Here's what you need to know:

Purpose – Miscellaneous Creditors are required to enable tax payments to relevant government bodies.
Setup Note – If you joined the INSIGHT platform after 2018, these creditors were likely created during your site’s initial setup. ✅ Always check if one exists before creating a new entry.
Definition – A Miscellaneous Creditor is determined by the Insurer Type configured on the Classification page of the Insurer Wizard.

Create the following Miscellaneous Creditors:

Australia

ATO - NRIT	Revenue SA - FSL	Revenue WA - Stamp Duty
Fire Brigade Charges	Revenue TAS - FSL	Revenue SA - Stamp Duty
ATO - GST	Revenue NT - FSL	Revenue TAS - Stamp Duty
Revenue NSW - FSL	Revenue ACT - FSL	Revenue NT - Stamp Duty
Revenue VIC - FSL	Revenue NSW - Stamp Duty	Revenue ACT - Stamp Duty
Revenue QLD - FSL	Revenue VIC - Stamp Duty
Revenue WA - FSL	Revenue QLD - Stamp Duty

NRIT

FEL

EQC

NOTE: NRIT is calculated on FSL if FBC does applies.

To create a new Miscellaneous Creditor, click the Details button to view step by step instructions.

Insurer Type = choose Miscellaneous Creditor
APRA Type = Not Applicable

*All other settings can be left as default

3. Complete the rest of the wizard and Save.

*Classes of risk do NOT need to be added

Ledger: Miscellaneous Creditors

To ensure levies are correctly collected when processing transactions with an Overseas Insurer, the following Miscellaneous Creditors must be configured:

New Zealand Only:

FEL (Fire Emergency Levy)
EQC (Earthquake Commission Levy)

Australia Only:

ESL/FSL (Emergency Services/Fire Services Levy) — must be configured per state
Stamp Duty — must be configured per State

All Regions:

NRIT (Non-Resident Insurer Tax)
GST (Goods and Services Tax)

Optional:

Fire Brigade Charges Scheme — configure only if the Insurer is participating

✅ Tip: Proper configuration ensures compliance and smooth transaction processing across jurisdictions.

Click the Details button to view step by step instructions.

1. Select Setup, Ledger, and Misc Creditors.

2. Select Edit.

3. Complete the table by selecting the corresponding state and levy for each Creditor field.

4. Select Save.

GST

GST Exempt Status

How it works for Overseas Placements:

The GST Exempt flag is set at the Class of Risk level and affects the GST amount shown in the Transaction Wizard for all insurers linked to that Class of Risk.
If the Class of Risk is not configured as GST Exempt, the processor can manually manage GST Exempt status within the Policy Wizard.
⚠️ Important: Be mindful when configuring GST Exempt status — especially if the Class of Risk is shared across multiple insurers, some of which may not require the exemption.

Check out the GST Exempt Status by clicking Details below!

1. Select Setup, Configuration and Classes of Risk.

2. Search for and locate the class of risk you wish to check, then select View.

3. Locate the field GST Exempt - select Edit if you wish to update the setting.

Client GST Registration

GST Registration Number — when and why to enter it:

If any part of the risk is in Australia or New Zealand, or the Insurer/Co-Insurer is local, the Insured’s ABN or GST Registration Number must be entered in the GST Registration Number field on the client profile page.
In Australia, ABN and GST Registration Numbers are the same.
In New Zealand, only the GST Registration Number is used.
⚠️ Important: Entering a value in this field directly impacts how GST is calculated and allocated in the Transaction Wizard — ensuring correct remittance to the relevant government bodies.

Click the Details button to view step by step instructions.

1. Search for and view the client, then select Menu and Edit the client.

2. In the profile page, locate the GST Registration Number field and enter the value there.

3. Select Exit and Save.

Foreign Insurer Letter

INSIGHT includes a standard version of the Foreign Insurer letter, which is stored under:

Setup → Configuration → Policy Document Templates

⚠️ Need to update it? Only administrators can make changes, and updates should follow the correct process. Please reach out to Professional Services for guidance on how to update or customize these letters appropriately.

For steps on how to locate the Foreign Insurer Letter, click the Details button!

1. Select Setup, Configuration and Policy Document Templates.

Something got you stumped? 
Our team is here to help! We know change can be tricky, but we've got your back.

Contact our support team here and well get back to you shortly