Document ID: chunk:federal_register_of_legislation:C2010C00583:clause:11_18:p8
Version: federal_register_of_legislation:C2010C00583
Segment Type: clause
Provision Reference: sch 11 cl 18 (pt 8/18)
Character Range: 121219–123980

is about consideration) and section 11‑5 (which is about what is a creditable acquisition).

79‑65  Taxable supplies relating to recovery by operators of compulsory third party schemes

 (1) If:
 (a) an *operator of a *compulsory third party scheme has made a claim in relation to a *CTP compensation or ancillary payment or supply; and
 (b) the operator's claim is made in exercising rights to recover in respect of that payment or supply; and
 (c) an entity:
 (i) makes a payment of *money; or
 (ii) makes a supply; or
 (iii) makes both a payment of money and a supply;
  in settlement of the operator's claim;
the payment or supply mentioned in paragraph (c) is not treated as *consideration for a supply made by the operator (whether or not the payment or supply is made to the operator), or for an acquisition made by the entity making the payment or supply (or payment and supply).

 (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).

79‑70  Adjustment events relating to decreasing adjustments for operators of compulsory third party schemes

  Division 19 applies in relation to a *decreasing adjustment that an *operator of a *compulsory third party scheme has under section 79‑50 as if:
 (a) the adjustment were an input tax credit; and
 (b) either:
 (i) if the adjustment relates to a *CTP compensation payment or supply—the settlement of the claim to which the adjustment relates were a *creditable acquisition that the operator made; or
 (ii) if the adjustment relates to a *CTP ancillary payment or supply—the operator had made a creditable acquisition for which the payment or supply was the *consideration; and
 (c) any payment or supply made by another entity, in settlement of a claim made by the operator in exercising rights to recover from the other entity in respect of the settlement mentioned in subparagraph (b)(i) or the payment or supply mentioned in subparagraph (b)(ii), were a reduction in the consideration for the acquisition.

79‑75  Adjustment events relating to increasing adjustments under section 79‑55

  Division 19 applies in relation to an *increasing adjustment that an *operator of a *compulsory third party scheme has under section 79‑55 as if:
 (a) payments of excess to which the adjustment relates were *consideration for a *taxable supply that the operator made; and
 (b) the adjustment were the GST payable on the taxable supply; and
 (c) any refunds made by the operator of any of those payments of excess were reductions in the consideration for the supply.

79‑80  Payments of excess under compulsory third party schemes are not consideration for supplies

 (1) The making of any payment by an entity is not