Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 80.10

  (1)   An * operator of a * compulsory third party scheme does not make a * taxable supply by:

  (a)   entering into, or becoming a party to, an * insurance policy settlement sharing arrangement; or

  (b)   becoming a party to a deed created by or under a * State law or a * Territory law establishing a * compulsory third party scheme, that provides for an insurance policy settlement sharing arrangement.

  (2)   This section has effect despite section   9 - 5 (which is about what are taxable supplies).