Taxation Laws Amendment Act (No. 6) 2001 (169 of 2001)

Schedule 5   HIH rescue package

Part 2   Goods and services tax consequences

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

11   Section 188-22

Omit all the words after "*consideration", substitute:

for the supply:

(a) is a payment of *money, or a supply, by an insurer in settlement of a claim under an *insurance policy; or

(b) is a payment of money, or a supply, by an *HIH rescue entity in the circumstances referred to in subsection 78-120(1).