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

4   After subsection 79-25(2)


(2A) Subsection (2) does not apply if the cover under the *insurance policy commenced before 1 July 2003 (whether or not all or part of the premium on the policy was paid before that day).