A New Tax System (Indirect Tax and Consequential Amendments) Act (No. 2) 1999 (177 of 1999)
Schedule 1 Indirect Tax Acts
Part 1 Amendment of the A New Tax System (Goods and Services Tax) Act 1999
87 At the end of section 72-40
(3) However, this section does not apply to any acquisition that is constituted by an insurer settling a claim under an *insurance policy.