Commonwealth Consolidated Acts
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A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 78.1
What this Division is about
Stamp duty is not included in working out the GST on insurance premiums.
Insurers have decreasing adjustments which enable the net GST on insurance to
reflect correctly their margins after settlements of claims are taken into
Note: Payments and
supplies under compulsory third party schemes are dealt with in some cases
under this Division and in others under Division 79 or 80.
Table of Subdivisions
78-B Insured entities
78-C Third parties
78-D Insured entities that are not registered etc.
78-E Statutory compensation schemes
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