Document ID: chunk:federal_register_of_legislation:C2025C00126:clause:3_16:p48
Version: federal_register_of_legislation:C2025C00126
Segment Type: clause
Provision Reference: sch 3 cl 16 (pt 48/58)
Character Range: 758320–761163

within 28 days after the request.
 (2) However, you and the agent must not both issue separate *adjustment notes or *third party adjustment notes for the adjustment.
 (3) This section has effect despite sections 29‑75 (which is about adjustment notes) and 134‑20 (which is about third party adjustment notes).

153‑25  Insurance supplied through insurance brokers
 (1) If an insurer supplies an *insurance policy through an *insurance broker acting on behalf of the *recipient of the supply, this Subdivision has effect as if the supply were made through the insurance broker as an agent of the insurer.
 (2) This section does not affect the application of this Subdivision in relation to the acquisition of the *insurance policy through the insurance broker as an agent of the *recipient.

Subdivision 153‑B—Principals and intermediaries as separate suppliers or acquirers

153‑50  Arrangements under which intermediaries are treated as suppliers or acquirers
 (1) An entity (the principal) may, in writing, enter into an arrangement with another entity (the intermediary) under which:
 (a) the intermediary will, on the principal's behalf, do any or all of the following:
 (i) make supplies to third parties;
 (ii) facilitate supplies to third parties (including by issuing *invoices relating to, or receiving *consideration for, such supplies);
 (iii) make acquisitions from third parties;
 (iv) facilitate acquisitions from third parties (including by providing consideration for such acquisitions); and
 (b) the kinds of supplies or acquisitions, or the kinds of supplies and acquisitions, to which the arrangement applies are specified; and
 (c) for the purposes of the GST law:
 (i) the intermediary will be treated as making the supplies to the third parties, or acquisitions from the third parties, or both; and
 (ii) the principal will be treated as making corresponding supplies to the intermediary, or corresponding acquisitions from the intermediary, or both; and
 (d) in the case of supplies to third parties:
 (i) the intermediary will issue to the third parties, in the intermediary's own name, all the *tax invoices and *adjustment notes relating to those supplies; and
 (ii) the principal will not issue to the third parties any tax invoices and adjustment notes relating to those supplies; and
 (e) the arrangement ceases to have effect if the principal or the intermediary, or both of them, cease to be *registered.
 (2) For the purposes of subsection (1), an entity can be an intermediary whether or not the entity is the agent of the principal.

153‑55  The effect of these arrangements on supplies
 (1) A *taxable supply that the principal makes to a third party through the intermediary is taken to be a supply that is a taxable supply made by the intermediary to the third party, and not by the principal, if:
 (a) the