Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 78.110

    If:

  (a)   an entity makes one or more of the following:

  (i)   a payment of * money;

  (ii)   a payment of * digital currency;

  (iii)   a supply;

    in compliance with a judgment or order of a court relating to:

  (iv)   a claim under an * insurance policy; or

  (v)   a claim by an insurer in exercising rights of subrogation in respect of an insurance policy; or

  (vi)   a claim for compensation under a * statutory compensation scheme; and

  (b)   had the payment or supply been made in the absence of such a judgment or order, it would have been a payment or supply made in settlement of the claim;

the payment or supply is treated as having been made in settlement of the claim.