• Legal database
Legal database

GST issues registers

Insurance industry partnership

This issues register, originally published on our main website, provides guidance on issues identified during past consultation with industry participants.

Issues in this register that are a public ruling can now be found in the Public Rulings section of this Legal Database.

Issues in this register that have not been labelled as public rulings, constitute written guidance. We are committed to providing you with accurate, consistent and clear information to help you understand your rights and entitlements and meet your obligations.

If you follow our information on these issues and it turns out to be incorrect, or it is misleading and you make a mistake as a result, we must still apply the law correctly. If that means you owe us money, we must ask you to pay it but we will not charge you a penalty. Also, if you acted reasonably and in good faith we will not charge you interest. If correcting the mistake means we owe you money, we will pay it to you. We will also pay you any interest you are entitled to.

If you feel that the guidance in this issues register does not fully cover your circumstances, or you are unsure how it applies to you, you can seek further assistance from us.

Insurance issues

For GST, Luxury Car Tax and Wine Equalisation Tax purposes, from 1 July 2015, where the term 'Australia' is used in this document, it is referring to the 'indirect tax zone' as defined in subsection 195-1 of the GST Act.

All section references are to A New Tax System (Goods and Services Tax) Act 1999 unless otherwise stated.

Issues table
Date Insurance issues
28/05/01 1. Operation of Division 78 and Division 11 in relation to the activities undertaken by insurers in the course of settling claims
28/05/01 2. Subrogation
28/05/01 3. Subrogation
28/05/01 4. Subrogation
28/05/01 5. Subrogation
28/05/01 6. Subrogation and third party payments
28/05/01 7. Offshore insurance or reinsurance
28/05/01 8. Net settlements
28/05/01 9. Medical expenses
28/05/01 10. Calculation of the GST on the unearned premium at 30 June 2000
28/05/01 11. Section 78-50
28/05/01 12. Section 78-50
03/09/01 (u) 13. Travel insurance
28/05/01 14. Co-insurance
28/05/01 15. Excesses
28/05/01 16. Excesses
28/05/01 17. Excesses
28/05/01 18. Excesses and 78-70
28/05/01 19. Layered policies
28/05/01 20. Layered policies where some of the underwriters are offshore entities
28/05/01 21. Attribution
28/05/01 22. Lost tax invoices
03/09/01 (u) 23. Recipient created tax invoices (RCTI)
28/05/01 24. Tax invoices and insurance schedules
28/05/01 25. Combined tax invoice and RCTI
17/06/02 (u) 26. Non-notification
03/09/01 (u) 27. Mutual defence funds
28/05/01 28. Division 78 and subdivision 153-B agreements
04/09/02 (u) 29. Recoveries and adjustment events
28/05/01 30. Partners and income protection insurance
28/05/01 31. Acquisitions directly for the purpose of settling a claim
28/05/01 32. Settling a claim and repairs
28/05/01 33. Refund of excesses
25/08/04 (u) 34. Insurance excesses - safe harbour arrangements
  Reinsurance issues
28/05/01 1. Financial reinsurance
28/05/01 2. Reporting of unearned premium by reinsurers on supplies of proportional treaty reinsurance on the BAS
28/05/01 3. Using the 8ths Method to calculate unearned premium as at 30 June 2000
28/05/01 4. Additional premium and 'risk attaching' policies
28/05/01 5. GSTR 2013/1

© AUSTRALIAN TAXATION OFFICE FOR THE COMMONWEALTH OF AUSTRALIA

You are free to copy, adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).


Back to top