A New Tax System (Goods and Services Tax) Act 1999
Note:Division 78 - Insurance Subdivision 78-F - Miscellaneous 78-115 Exclusion of certain Commonwealth, State or Territory insurance schemes
This Division (other than sections 78-5 and 78-95 ) does not apply to an * insurance policy , or to a payment or supply made in settlement of a claim made under an insurance policy, if:
(a) the policy was supplied under a scheme for insurance, or a *statutory compensation scheme, established by an * Australian law ; and
(b) that scheme is of a kind specified in the regulations.
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