Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 78.105

                   A statutory compensation scheme is a scheme or arrangement:

                     (a)  that is established by an * Australian law; and

                     (b)  under which compensation is payable for particular kinds of injury, loss or damage; and

                     (c)  that is specified in the regulations, or that is of a kind specified in the regulations;

but does not include a * compulsory third party scheme.

Note:          Divisions 79 and 80 deal with compulsory third party schemes.