NobleOak Increases Provision Following Victorian Stamp Duty Ruling
NobleOak Life Limited (ASX: NOL) has provided an update on the potential financial impact of Victorian stamp duty reforms, following notification from the State Revenue Office Victoria that it does not accept NobleOak’s position on eligibility for the friendly society stamp duty exemption from 1 January 2025. In response, NobleOak has continued to engage with both the SRO and the Victorian Department of Treasury and Finance to seek clarification on the treatment of relevant insurance premiums and is assessing available response options. The company has prudently increased its provision for this matter to AU$ 6.5 million as at 31 December 2025, up from AU$ 2.25 million at 30 June 2025. NobleOak has also implemented pricing changes for most Victorian policies to limit further exposure. While the increased provision will impact statutory profit, the company does not expect a material effect on in-force premium growth or underlying FY26 net profit after tax.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
x
Daily Dose of Buy, Sell & Hold recommendations before the market opens.
Start Your 7 Days Free Trial Now!
We use cookies to help us improve, promote, and protect our services. By continuing to use this site, we assume you consent to this. Read our Privacy Policy and Terms & Conditions
NobleOak Increases Provision Following Victorian Stamp Duty Ruling
NobleOak Life Limited (ASX: NOL) has provided an update on the potential financial impact of Victorian stamp duty reforms, following notification from the State Revenue Office Victoria that it does not accept NobleOak’s position on eligibility for the friendly society stamp duty exemption from 1 January 2025. In response, NobleOak has continued to engage with both the SRO and the Victorian Department of Treasury and Finance to seek clarification on the treatment of relevant insurance premiums and is assessing available response options. The company has prudently increased its provision for this matter to AU$ 6.5 million as at 31 December 2025, up from AU$ 2.25 million at 30 June 2025. NobleOak has also implemented pricing changes for most Victorian policies to limit further exposure. While the increased provision will impact statutory profit, the company does not expect a material effect on in-force premium growth or underlying FY26 net profit after tax.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au