Treasury Laws Amendment (2017 Measures No. 6) Act 2017 (118 of 2017)

Schedule 1   GST treatment of digital currency

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

5   Subsection 78-10(1)

Repeal the subsection, substitute:

(1) An insurer has a decreasing adjustment if, in settlement of a claim under an *insurance policy, the insurer makes one or more of the following:

(a) a payment of *money;

(b) a payment of *digital currency;

(c) a supply.