78‑42 Adjustment events relating to incr78‑42 Adjustment events relating to increasing adjustments under section 78‑18

78‑42 Adjustment events relating to increasing adjustments under section 78‑18

Division 19 applies in relation to an *increasing adjustment that an insurer has under section 78‑18 as if: (a) payments of excess under an *insurance policy to which the adjustment relates were *consideration for a *taxable supply that the insurer made; and (b) the adjustment were the GST payable on the taxable supply; and (c) any refund of that payment of excess made by the insurer were a reduction in the consideration for the supply.