Commonwealth Consolidated Acts

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

             (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).