Document ID: chunk:federal_register_of_legislation:C2004A00749:clause:6_25a
Version: federal_register_of_legislation:C2004A00749
Segment Type: clause
Provision Reference: sch 6 cl 25A
Character Range: 66444–67015

25A  At the end of Subdivision 78‑A
Add:

78‑42  Adjustment events relating to increasing adjustments under section 78‑18

  Division 19 applies in relation to an *increasing adjustment that an insurer has under section 78‑18 as if:
 (a) payments of excess under an *insurance policy to which the adjustment relates were *consideration for a *taxable supply that the insurer made; and
 (b) the adjustment were the GST payable on the taxable supply; and
 (c) any refund of that payment of excess made by the insurer were a reduction in the consideration for the supply.