78‑35 Taxable supplies relating to right78‑35 Taxable supplies relating to rights of subrogation

78‑35 Taxable supplies relating to rights of subrogation

(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).