A New Tax System (Goods and Services Tax Transition) Act 1999

23A Disclosure before 1 July 2000 of entitlement to input tax credits for insurance premiums  
Section 78-50 of the GST Act does not apply to an entity in relation to an insurance policy supplied before 1 July 2000 if, before that day, the entity informed the insurer of the extent to which the entity was entitled to an input tax credit for the premium it paid.