Taxation Laws Amendment Act (No. 8) 2000 (156 of 2000)

Schedule 6   Other amendments

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

24   Paragraph 78-30(1)(a)

Repeal the paragraph, substitute:

(a) the insurer makes the acquisition:

(i) to the extent that the acquisition is an acquisition of goods - solely for the purpose of supplying the goods in the course of settling a claim under an*insurance policy; or

(ii) otherwise - solely for a purpose directly related to settling a particular claim under an*insurance policy; and