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

Chapter 4 - The special rules  

Part 4-2 - Special rules mainly about supplies and acquisitions  

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 79 - Compulsory third party schemes  

Subdivision 79-C - Other payments and supplies under compulsory third party schemes  

79-65   Taxable supplies relating to recovery by operators of compulsory third party schemes  

(1)    
If:

(a) an * operator of a * compulsory third party scheme has made a claim in relation to a * CTP compensation or ancillary payment or supply ; and

(b) the operator ' s claim is made in exercising rights to recover in respect of that payment or supply; and

(c) an entity makes one or more of the following in settlement of the operator ' s claim:

(i) a payment of *money;

(ii) a payment of *digital currency;

(iii) a supply;

the payment or supply mentioned in paragraph (c) is not treated as * consideration for a supply made by the operator (whether or not the payment or supply is made to the operator), or for an acquisition made by the entity making the payment or supply (or payment and supply).

(2)    
This section has effect despite section 9-15 (which is about consideration) and section 11-5 (which is about what is a creditable acquisition).