CTHIn ForceAct
A New Tax System (Goods and Services Tax) Act 1999
78‑75 Creditable acquisitions relating t78‑75 Creditable acquisitions relating to rights of subrogation
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78‑75 Creditable acquisitions 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 an acquisition made by the entity. (2) This section has effect despite section 11‑5 (which is about what is a creditable acquisition).