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  

Note:

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-A - Insurers  

78-25   Supplies in settlement of claims are not taxable supplies  

(1)  
A supply that an insurer makes in settlement of a claim under an * insurance policy is not a * taxable supply .

(2)  
This section has effect despite section 9-5 (which is about what are taxable supplies).




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