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A New Tax System (Goods and Services Tax) Act 1999

Chapter 4 - The special rules  

Part 4-2 - Special rules mainly about supplies and acquisitions  


The special rules in this Part mainly modify the operation of Part 2-2 , but they may affect other Parts of Chapter 2 in minor ways.

Division 78 - Insurance  

Subdivision 78-E - Statutory compensation schemes    View history reference

78-105  Meaning of statutory compensation scheme  

 View history reference
A statutory compensation scheme is a scheme or arrangement:

(a) that is established by an * Australian law ; and

(b) under which compensation is payable for particular kinds of injury, loss or damage; and

(c) that is specified in the regulations, or that is of a kind specified in the regulations;

but does not include a * compulsory third party scheme .


Divisions 79 and 80 deal with compulsory third party schemes.


This information is provided by CCH Australia Limited. View the disclaimer and notice of copyright.
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