A New Tax System (Goods and Services Tax) Act 1999
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-E - Statutory compensation schemes
View history note
Hide history noteThe * value of a * taxable supply of membership of, or participation in, a * statutory compensation scheme 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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