A New Tax System (Indirect Tax and Consequential Amendments) Act (No. 2) 1999 (177 of 1999)

Schedule 1   Indirect Tax Acts

Part 1   Amendment of the A New Tax System (Goods and Services Tax) Act 1999

111   At the end of Division 153

Add:

153-25 Insurance supplied through insurance brokers

(1) If an insurer supplies an *insurance policy through an *insurance broker acting on behalf of the *recipient of the supply, this Division has effect as if the supply were made through the insurance broker as an agent of the insurer.

(2) This section does not affect the application of this Division in relation to the acquisition of the *insurance policy through the insurance broker as an agent of the *recipient.