A New Tax System (Indirect Tax and Consequential Amendments) Act (No. 2) 1999 (177 of 1999)

Schedule 1   Indirect Tax Acts

Part 1   Amendment of the A New Tax System (Goods and Services Tax) Act 1999

86   At the end of section 72-5

Add:

(3) However, this section does not apply to any supply that is constituted by an insured entity settling a claim under an *insurance policy.