Tax Laws Amendment (2004 Measures No. 2) Act 2004 (83 of 2004)

Schedule 7   Compulsory third party insurance

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

6   At the end of section 79-70


(2) Paragraph (1)(c) does not apply to a payment by another entity in relation to which an *increasing adjustment arises under section 80-30 or 80-70 (which are about settlement sharing arrangements).

(3) This section does not apply in relation to a payment or supply that the operator receives in settlement of a claim under an *insurance policy that the operator entered into, as the entity insured, in relation to any liability to make a *CTP compensation or ancillary payment or supply.