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A New Tax System (Goods and Services Tax) Act 1999
78‑55 Payments of excess under insurance78‑55 Payments of excess under insurance policies are not consideration for supplies
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78‑55 Payments of excess under insurance policies are not consideration for supplies
(1) The making of any payment by an entity is not treated as *consideration for a supply, to the entity or any other entity, to the extent that the payment is the payment of an excess to the insurer under an *insurance policy. (2) This section has effect despite section 9‑15 (which is about consideration).