Commonwealth Consolidated Acts

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A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 78.25

Supplies in settlement of claims are not taxable supplies

  (1)   A supply that an insurer makes in settlement of a claim under an * insurance policy is not a * taxable supply.

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


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