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Section 78‑105 Meaning of statutory compensation - A New Tax System (Goods and Services Tax) Act 1999 - 78‑105 Meaning of statutory compensation scheme | Zoe

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Home/Legislation/A New Tax System (Goods and Services Tax) Act 1999/78‑105 Meaning of statutory compensation

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A New Tax System (Goods and Services Tax) Act 1999

78‑105 Meaning of statutory compensation78‑105 Meaning of statutory compensation scheme

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78‑105 Meaning of statutory compensation scheme

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.

Previous section78‑100 Settlements of claims for compens78‑100 Settlements of claims for compensation under statutory compensation schemes

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