Document ID: chunk:federal_register_of_legislation:C2025C00126:section:4:p15
Version: federal_register_of_legislation:C2025C00126
Segment Type: section
Provision Reference: s 4 (pt 15/42)
Character Range: 461402–463877

an *insurance policy.
 (2) This section has effect despite section 9‑15 (which is about consideration).

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).

Subdivision 78‑C—Third parties

78‑65  Payments etc. to third parties by insurers
 (1) The making of any payment by an insurer to an entity is not treated as *consideration for a supply to the insurer by the entity, to the extent that:
 (a) the payment is made in settlement of a claim under an *insurance policy under which the entity is not insured; and
 (b) the payment is to discharge a liability owed to that entity by the entity insured.
 (2) The making of any supply by an insurer to an entity:
 (a) is not to be treated as a *taxable supply by the insurer; and
 (b) is not to be treated as *consideration for a supply to the insurer by the entity, or any other entity;
to the extent that:
 (c) the supply is made in settlement of a claim under an *insurance policy under which the entity is not insured; and
 (d) the supply is to discharge a liability owed to that entity by the entity insured.
 (3) This section has effect despite section 9‑5 (which is about what are taxable supplies) and section 9‑15 (which is about consideration).

78‑70  Payments etc. to third parties by insured entities
 (1) The making of any payment by an entity to another entity is not to be treated as *consideration for a supply to the entity by that other entity, to the extent that:
 (a) the payment is to discharge a liability of the entity to that other entity; and
 (b) the payment is covered by a settlement of a claim under an *insurance policy under which the entity was insured against that liability.
 (2) The making of any supply by an entity to another entity:
 (a) is not to be treated as a *taxable supply by the entity; and
 (b) is not to be treated as *consideration for a supply to the entity by