A New Tax System (Goods and Services Tax) Act 1999

Chapter 4 - The special rules  

Part 4-2 - Special rules mainly about supplies and acquisitions  


The special rules in this Part mainly modify the operation of Part 2-2 , but they may affect other Parts of Chapter 2 in minor ways.

Division 78 - Insurance  

Subdivision 78-F - Miscellaneous  

78-115   Exclusion of certain Commonwealth, State or Territory insurance schemes  

This Division (other than sections 78-5 and 78-95 ) does not apply to an * insurance policy , or to a payment or supply made in settlement of a claim made under an insurance policy, if:

(a) the policy was supplied under a scheme for insurance, or a *statutory compensation scheme, established by an * Australian law ; and

(b) that scheme is of a kind specified in the regulations.

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