Commonwealth Consolidated Acts

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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).



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