A New Tax System (Goods and Services Tax) Act 1999
78‑60 Supplies of goods to insurers in t78‑60 Supplies of goods to insurers in the course of settling claims
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78‑60 Supplies of goods to insurers in the course of settling claims
(1) A supply of goods is not a *taxable supply if it is solely a supply made under an *insurance policy to an insurer in the course of settling a claim under the policy. (2) In working out the value of a *taxable supply that is partly a supply of goods made under an *insurance policy to an insurer in the course of settling a claim under the policy, disregard the *consideration to the extent that it relates to the supply of those goods. (3) This section has effect despite section 9‑5 (which is about what are taxable supplies) and section 9‑75 (which is about the value of taxable supplies).