A New Tax System (Goods and Services Tax) Act 1999
Chapter 4
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The special rules
Part 4-2
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Special rules mainly about supplies and acquisitions
The * value of a * taxable supply of an * insurance policy is worked out as if the * price of the supply were reduced by the amount of any stamp duty payable under a * State law or * Territory law in respect of the supply.
(2)
This section has effect despite section 9-75 (which is about the value of taxable supplies).
Note:
The special rules in this Part mainly modify the operation of Part 2-2 , but they may affect other Parts of Chapter 2 in minor ways.
Division 78 - Insurance Subdivision 78-A - Insurers 78-5 GST on insurance premiums is exclusive of stamp duty (1)The * value of a * taxable supply of an * insurance policy is worked out as if the * price of the supply were reduced by the amount of any stamp duty payable under a * State law or * Territory law in respect of the supply.
(2)
This section has effect despite section 9-75 (which is about the value of taxable supplies).
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