A New Tax System (Goods and Services Tax) Act 1999
Chapter 4
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The special rules
Part 4-6
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Special rules mainly about tax periods
Subdivision 153-A
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General
153-25
Insurance supplied through insurance brokers
(1)
If an insurer supplies an * insurance policy through an * insurance broker acting on behalf of the * recipient of the supply, this Subdivision has effect as if the supply were made through the insurance broker as an agent of the insurer.
(2)
This section does not affect the application of this Subdivision in relation to the acquisition of the * insurance policy through the insurance broker as an agent of the * recipient .
Note:
The special rules in this Part mainly modify the operation of Part 2-6 , but they may affect other Parts of Chapter 2 in minor ways.
Division 153 - Agents etc. and insurance brokers
View history note
Hide history noteIf an insurer supplies an * insurance policy through an * insurance broker acting on behalf of the * recipient of the supply, this Subdivision has effect as if the supply were made through the insurance broker as an agent of the insurer.
(2)
This section does not affect the application of this Subdivision in relation to the acquisition of the * insurance policy through the insurance broker as an agent of the * recipient .
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