Taxation Laws Amendment Act (No. 8) 2000 (156 of 2000)
Schedule 6 Other amendments
A New Tax System (Goods and Services Tax) Act 1999
24 Paragraph 78-30(1)(a)
Repeal the paragraph, substitute:
(a) the insurer makes the acquisition:
(i) to the extent that the acquisition is an acquisition of goods - solely for the purpose of supplying the goods in the course of settling a claim under an*insurance policy; or
(ii) otherwise - solely for a purpose directly related to settling a particular claim under an*insurance policy; and
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