A New Tax System (Goods and Services Tax) Act 1999
Note:Division 78 - Insurance Subdivision 78-A - Insurers 78-5 GST on insurance premiums is exclusive of stamp duty (1)
The * value of a * taxable supply of an * insurance policy is worked out as if the * price of the supply were reduced by the amount of any stamp duty payable under a * State law or * Territory law in respect of the supply. (2)
This section has effect despite section 9-75 (which is about the value of taxable supplies).
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