A New Tax System (Goods and Services Tax) Act 1999
Note:Division 78 - Insurance 78-1 What this Division is about
Stamp duty is not included in working out the GST on insurance premiums. Insurers have decreasing adjustments which enable the net GST on insurance to reflect correctly their margins after settlements of claims are taken into account.
Payments and supplies under compulsory third party schemes are dealt with in some cases under this Division and in others under Division 79 or 80.
Table of Subdivisions
|78-B||Insured entities etc.|
|78-D||Insured entities that are not registered etc.|
|78-E||Statutory compensation schemes|