Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 79.85

Supplies of goods to operators in the course of settling claims

  (1)   A supply of goods is not a * taxable supply if it is solely a supply made under a * compulsory third party scheme to an * operator of the scheme in the course of settling a claim for compensation made under the scheme.

  (2)   In working out the value of a * taxable supply that is partly a supply of goods made under a * compulsory third party scheme to an * operator of the scheme in the course of settling a claim for compensation made under the scheme, disregard the * consideration to the extent that it relates to the supply of those goods.

  (3)   This section has effect despite section   9 - 5 (which is about what are taxable supplies) and section   9 - 75 (which is about the value of taxable supplies).


AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback