Document ID: chunk:federal_register_of_legislation:C2025C00126:section:4:p17
Version: federal_register_of_legislation:C2025C00126
Segment Type: section
Provision Reference: s 4 (pt 17/42)
Character Range: 466076–468775

An entity that is not *registered or *required to be registered during a particular month must pay to the Commissioner:
 (a) amounts of *assessed GST on *taxable supplies under section 78‑50 that it makes during that month; and
 (b) *assessed amounts of *increasing adjustments that it has that arise, during that month, in relation to supplies that are taxable supplies under section 78‑50.
 (1A) The entity must pay each amount:
 (a) on or before the later of:
 (i) the 21st day after the end of the month; and
 (ii) the day the Commissioner gives notice of the relevant *assessment to the entity under section 155‑10 in Schedule 1 to the Taxation Administration Act 1953; and
 (b) at the place and in the manner specified by the Commissioner.
 (2) This section has effect despite Division 33 (which is about payments of GST).

Subdivision 78‑E—Statutory compensation schemes

78‑95  GST on premiums etc. under statutory compensation schemes is exclusive of stamp duty
 (1) The *value of a *taxable supply of membership of, or participation in, a *statutory compensation scheme is worked out as if the *price of the supply were reduced by the amount of any stamp duty payable under a *State law or *Territory law in respect of the supply.
 (2) This section has effect despite section 9‑75 (which is about the value of taxable supplies).

78‑100  Settlements of claims for compensation under statutory compensation schemes
 (1) Subsection 38‑60(1) and this Division apply in relation to a payment or supply made in settlement of a claim for compensation under a *statutory compensation scheme in the same way that they apply to a payment or supply made in settlement of a claim under an *insurance policy.
Note: Subsection 38‑60(1) provides that certain supplies to insurers are GST‑free.
 (2) For the purposes of the application of subsection 38‑60(1) and this Division in relation to such a payment or supply:
 (a) the claim for compensation under the scheme is treated as a claim under an *insurance policy; and
 (b) the entity operating the scheme is treated as the insurer; and
 (c) an entity is treated as the entity insured if:
 (i) the entity's payment of premiums, contributions or similar payments under the scheme, or payment of levy in connection with the scheme; or
 (ii) the entity's liability to pay premiums, contributions or similar payments under the scheme, or liability to pay levy in connection with the scheme;
  enabled the claim for compensation to arise; and
 (ca) those payments that that entity makes or is liable to make are treated as a premium it has paid; and
 (d) the supply of membership of, or participation in, the scheme is treated as the supply of an *insurance