A T O home
Legal Database
Access the database 
Browse database
View last document
Quick access 
View legislation
View a document
Email Cross Reference Material Previous/Next Section Contents Previous/Next Result
Printable version

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-A - Insurers    View history reference

78-30  Acquisitions by insurers in the course of settling claims under non-taxable policies  

 View history reference


 View history reference
An acquisition is not a * creditable acquisition if:

(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
 View history reference

(b) the supply of the insurance policy by the insurer was * GST-free .
 View history reference


This section has effect despite section 11-5 (which is about what is a creditable acquisition).


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