A New Tax System (Goods and Services Tax) Act 1999
Note:Division 78 - Insurance Subdivision 78-A - Insurers 78-35 Taxable supplies relating to rights of subrogation (1)
If, in settlement of a claim made by an insurer in the insurer ' s exercising of rights of subrogation in respect of an *insurance policy, an entity that is not insured under the policy makes one or more of the following:
(a) a payment of *money;
(b) a payment of *digital currency;
(c) a supply;
the payment or supply is not treated as *consideration for a supply made by the insurer (whether or not the payment or supply is made to the insurer) or by the entity insured.
This section has effect despite section 9-15 (which is about consideration).
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