GST issues registers
Insurance industry partnership15 Excesses
Issue
If an excess is paid to an insurer before the claims settlement is made, is it still included in the calculation of the settlement amount under section 78-15 once a claims settlement is made?
Non-interpretative - straight application of the law.
ATO view
Yes. The method statement in section 78-15 is not limited to excesses paid after or at the same time as the claims settlement.
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