Document ID: chunk:federal_register_of_legislation:C2025C00126:section:4:p36
Version: federal_register_of_legislation:C2025C00126
Segment Type: section
Provision Reference: s 4 (pt 36/42)
Character Range: 513556–516525

not treated as *consideration for a supply by the *managing operator, or for an acquisition by the *contributing operator.
 (2) This section has effect despite section 9‑15 (which is about consideration) and section 11‑5 (which is about what is a creditable acquisition).

80‑60  Managing operator's payment or supply
  For the purposes of Division 79, a *managing operator's payment or supply is treated as a *CTP compensation payment or supply.

80‑65  Contributing operator's payment
  For the purposes of Division 79, a *contributing operator's payment is treated as a *CTP compensation payment or supply.

80‑70  Managing operator's increasing adjustment where contributing operator's payment
 (1) If:
 (a) a *contributing operator's payment is made; and
 (b) as a result of section 80‑60, there was a *decreasing adjustment for the *managing operator under Division 79 in relation to the *managing operator's payment or supply;
there is an increasing adjustment for the managing operator of the following amount:

Managing operator's settlement amount
 (2) The managing operator's settlement amount mentioned in subsection (1) is worked out using this method statement.

      Method statement
           Step 1. Add together:

                (a) the sum of the payments of *money, or *digital currency, (if any) that are included in the *managing operator's payment or supply; and
                (b) the *GST inclusive market value of the supplies (if any) that are included in the *managing operator's payment or supply (other than supplies that would have been *taxable supplies but for section 78‑25 or 79‑60).

           Step 2. If, in relation to the *managing operator's payment or supply, any payments of an excess were made to the *managing operator, subtract from the step 1 amount the sum of all those payments (except to the extent that they are payments of excess to which section 78‑18 or 79‑55 applies).

80‑75  Adjustment events relating to managing operator's payment or supply
  Division 19 applies in relation to an *increasing adjustment that the *managing operator has under section 80‑70 as a result of the making of a *managing operator's payment or supply as if:
 (a) the *contributing operator's payment were *consideration for a *taxable supply made by the managing operator; and
 (b) the adjustment were the GST payable on the taxable supply; and
 (c) any changes made to those payments were a change in the consideration for the supply.

Subdivision 80‑C—Hybrid settlement sharing arrangements

80‑80  Meaning of hybrid settlement sharing arrangement etc.

Meaning of hybrid settlement sharing arrangement
 (1) A hybrid settlement sharing arrangement is an arrangement:
 (a) that relates to an accident or other incident or 2 or more related accidents or other incidents; and
 (b) to which the parties are:
 (i) an entity that is the *managing operator of a *nominal defendant settlement sharing arrangement, or entities that are