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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 80 - Settlement sharing arrangements    View history reference

Subdivision 80-A - Insurance policy settlement sharing arrangements    View history reference

80-10  Effect of becoming parties to industry deeds or entering into settlement sharing arrangements  

 View history reference


An *operator of a *compulsory third party scheme does not make a *taxable supply by:

(a) entering into, or becoming a party to, an *insurance policy settlement sharing arrangement; or

(b) becoming a party to a deed created by or under a *State law or a *Territory law establishing a *compulsory third party scheme, that provides for an insurance policy settlement sharing arrangement.


This section has effect despite section 9-5 (which is about what are taxable supplies).


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