22Event before 1 July 2000 giving rise to claim

#### 22 Event before 1 July 2000 giving rise to claim (1) The settlement of an insurance claim does not give rise to any adjustment, and is not a taxable supply, under Division 78 of the GST Act to the extent that the event giving rise to the claim happened before 1 July 2000. (2) However, if: (a) the claim relates to an insurance policy covering a period that started before 1 July 2000 and ends after that day; and (b) it cannot be ascertained whether the event giving rise to the claim happened before 1 July 2000; subsection (1) does not apply, and the settlement does not give rise to any adjustment, and is not a taxable supply, under Division 78 of the GST Act if the claim was made before 1 July 2000. (3) The settlement of a claim for compensation does not give rise to any adjustment, and is not a taxable supply, under Division 79 or 80 of the GST Act to the extent that the event giving rise to the claim happened before 1 July 2000. (4) However, if: (a) the claim is one mentioned in section 79‑25 of the GST Act and the insurance policy concerned covers a period that started before 1 July 2000 and ends after that day; and (b) it cannot be ascertained whether the event giving rise to the claim happened before 1 July 2000; subsection (3) does not apply and the settlement does not give rise to any adjustment, and is not a taxable supply, under Division 79 or 80 of the GST Act if the claim was made before 1 July 2000.