80‑10 Effect of becoming parties to indu80‑10 Effect of becoming parties to industry deeds or entering into settlement sharing arrangements

80‑10 Effect of becoming parties to industry deeds or entering into settlement sharing arrangements

(1) An *operator of a *compulsory third party scheme does not make a *taxable supply by: (a) entering into, or becoming a party to, an *insurance policy settlement sharing arrangement; or (b) becoming a party to a deed created by or under a *State law or a *Territory law establishing a *compulsory third party scheme, that provides for an insurance policy settlement sharing arrangement. (2) This section has effect despite section 9‑5 (which is about what are taxable supplies).