Taxation Laws Amendment Act (No. 6) 2003 (67 of 2003)
Schedule 11 GST amendments relating to compulsory third party schemes
A New Tax System (Goods and Services Tax) Act 1999
32 Section 195-1 (table item 4A of the definition of decreasing adjustment )
Repeal the table item, substitute:
|
4A |
Section 78-10 (including as it applies in accordance with Subdivision 79-A or 79-B or Division 80) |
Payments or supplies in settlement of insurance claims or under *compulsory third party schemes |
|
4B |
Subsection 79-10(1) (including as it applies in accordance with Division 80) |
*Decreasing adjustments under *compulsory third party schemes |
|
4C |
Section 79-50 (including as it applies in accordance with Division 80) |
*Decreasing adjustments under *compulsory third party schemes |