Document ID: chunk:federal_register_of_legislation:C2025C00126:section:4:p29
Version: federal_register_of_legislation:C2025C00126
Segment Type: section
Provision Reference: s 4 (pt 29/42)
Character Range: 495546–498140

the value of a *taxable supply that is partly a supply of goods made under a *compulsory third party scheme to an *operator of the scheme in the course of settling a claim for compensation made under the scheme, 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).

79‑90  Effect of judgments and court orders
 (1) If:
 (a) a judgment or order of a court relates to a claim for compensation under a *compulsory third party scheme; and
 (aa) an entity makes one or more of the following in compliance with the judgment or order:
 (i) a payment of *money;
 (ii) a payment of *digital currency;
 (iii) a supply; and
 (b) had the payment or supply been made in the absence of such a judgment or order, it would have been a *CTP compensation payment or supply or a CTP ancillary payment or supply;
the payment or supply is treated as having been a CTP compensation payment or supply or a CTP ancillary payment or supply.
 (2) If:
 (a) a judgment or order of a court relates to a claim by an *operator of a compulsory third party scheme exercising rights to recover from an entity in respect of a settlement made under the scheme; and
 (aa) an entity makes one or more of the following in compliance with the judgment or order:
 (i) a payment of *money;
 (ii) a payment of *digital currency;
 (iii) a supply; and
 (b) had the payment or supply been made in the absence of such a judgment or order, it would have been a settlement of a claim made in exercising rights to recover from an entity in respect of a settlement made under the scheme;
the payment or supply is treated as having been made in settlement of the operator's claim made in exercising those rights.

Subdivision 79‑D—Compulsory third party scheme decreasing adjustments worked out using applicable average input tax credit fraction

79‑95  How to work out decreasing adjustments using the applicable average input tax credit fraction
 (1) If an *operator of a *compulsory third party scheme has a *decreasing adjustment in relation to a payment or supply that is to be worked out using the applicable *average input tax credit fraction, the amount of the *decreasing adjustment is as follows.
 (2) The amount is worked out using the formula:

where:
applicable average input tax credit fraction is the *average input tax credit fraction for the *compulsory third party scheme concerned for the *financial year in which:
 (a) if the payment