Commonwealth Consolidated Acts

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A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 80.50

Effect of becoming parties to industry deeds or entering into nominal defendant settlement sharing arrangements

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

  (a)   entering into, or becoming a party to, a * nominal defendant settlement sharing arrangement to which this Subdivision applies; 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 a nominal defendant settlement sharing arrangement to which this Subdivision applies.

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


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