A New Tax System (Goods and Services Tax) Regulations 1999 (repealed)
Schedule 7
-
Examples of financial supply
(regulation 40-5.11 )
Note 1
The examples are not to be taken as exhaustive.
Note 2
If an example is inconsistent with the description of the financial supply in the item in the table in regulation 40-5.09 to which the example relates, the description prevails.
See s 15AD of the Acts Interpretation Act 1901 .
Part 4 - Examples for item 6 in the table in regulation 40-5.09
| Item | Example |
| 1 | A contract of insurance that provides for the payment of money on the death of a person or on the happening of a contingency dependent on the termination or continuance of human life |
| 2 | A contract of insurance that is subject to payment of premiums for a term dependent on the termination or continuance of human life |
| 3 | A contract of insurance for a term dependent on the termination or continuance of human life that provides for the payment of an annuity |
| 4 | A contract that provides for the payment of an annuity for a term not dependent on the continuance of a human life |
| 5 | A continuous disability policy within the meaning of section 9A of the Life Insurance Act 1995 |
| 6 | A contract (whether or not a contract of insurance) that constitutes an investment account contract, or an investment-linked contract, within the meaning of section 14 of the Life Insurance Act 1995 |
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.