78‑40 Adjustment events relating to decr78‑40 Adjustment events relating to decreasing adjustments under this Division

78‑40 Adjustment events relating to decreasing adjustments under this Division

(1) Division 19 applies in relation to a *decreasing adjustment that an insurer has under this Division as if: (a) the adjustment were an input tax credit; and (b) the settlement of the claim to which the adjustment relates were a *creditable acquisition that the insurer made; and (c) any payment or supply made by another entity, in settlement of a claim made by an insurer in the insurer’s exercising of rights of subrogation in respect of the *insurance policy in question, were a reduction in the *consideration for the acquisition. (2) Paragraph (1)(c) does not apply to a payment by another entity in relation to which an *increasing adjustment arises under section 80‑30 or 80‑70 (which are about settlement sharing arrangements).