Indirect Tax Laws Amendment (Assessment) Act 2012 (39 of 2012)

Schedule 1   Assessment of amounts under indirect tax laws

Part 1   Amendments commencing on 1 July 2012

Division 3   Other amendments

Taxation Administration Act 1953
216   Subsection 250-10(2) in Schedule 1 (table items 12, 12A and 12B)

Repeal the items, substitute:

12A

assessed GST on supplies made in settlement of claims under insurance policies

78-90

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

12B

assessed GST on supplies made in satisfaction of debts

105-20

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