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
6 At the end of section 79-70
Add:
(2) Paragraph (1)(c) does not apply to a payment by another entity in relation to which an *increasing adjustment arises under section 80-30 or 80-70 (which are about settlement sharing arrangements).
(3) This section does not apply in relation to a payment or supply that the operator receives in settlement of a claim under an *insurance policy that the operator entered into, as the entity insured, in relation to any liability to make a *CTP compensation or ancillary payment or supply.
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