Commonwealth Consolidated Acts

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A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 78.35

Taxable supplies relating to rights of subrogation

  (1)   If, in settlement of a claim made by an insurer in the insurer's exercising of rights of subrogation in respect of an * insurance policy, an entity that is not insured under the policy makes one or more of the following:

  (a)   a payment of * money;

  (b)   a payment of * digital currency;

  (c)   a supply;

the payment or supply is not treated as * consideration for a supply made by the insurer (whether or not the payment or supply is made to the insurer) or by the entity insured.

  (2)   This section has effect despite section   9 - 15 (which is about consideration).



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