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 80 - Settlement sharing arrangements    View history reference

Subdivision 80-B - Nominal defendant settlement sharing arrangements    View history reference

80-40  Meaning of nominal defendant settlement sharing arrangement etc.  

 View history reference

Meaning of nominal defendant settlement sharing arrangement


A nominal defendant settlement sharing arrangement is an arrangement:

(a) that relates to an accident or other incident or 2 or more related accidents or other incidents; and

(b) to which the parties are * operators of a * compulsory third party scheme , where they are parties because the person involved in the accidents or incidents was not covered under an * insurance policy ; and
 View history reference

(c) under which:

(i) one party (the managing operator ) is to make one or more payments or supplies in settlement of a claim, under the compulsory third party scheme, relating to the accidents or incidents; and

(ii) the other party, or one or more of the other parties, (each being a contributing operator ) is to make a payment to the * managing operator in respect of that operator settling the claim.

Meaning of managing operator's payment or supply


If a payment or supply mentioned in subparagraph (1)(c)(i) is not a * CTP ancillary payment or supply , it is a managing operator's payment or supply .

Meaning of contributing operator's payment


A payment mentioned in subparagraph (1)(c)(ii), to the extent that it is not a fee to the * managing operator for managing the process of making settlements under the arrangement, is a contributing operator's payment .


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