Document ID: chunk:federal_register_of_legislation:C2025C00126:section:4:p28
Version: federal_register_of_legislation:C2025C00126
Segment Type: section
Provision Reference: s 4 (pt 28/42)
Character Range: 493074–495767

(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.
 (2) Paragraph (1)(c) does not apply to a payment by another entity in relation to which an *increasing adjustment arises under section 80‑30 or 80‑70 (which are about settlement sharing arrangements).
 (3) This section does not apply in relation to a payment or supply that the operator receives in settlement of a claim under an *insurance policy that the operator entered into, as the entity insured, in relation to any liability to make a *CTP compensation or ancillary payment or supply.

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 treated as *consideration for a supply, to the entity or any other entity, to the extent that the payment is the payment of an excess to an *operator of a *compulsory third party scheme.
 (2) This section has effect despite section 9‑15 (which is about consideration).

79‑85  Supplies of goods to operators in the course of settling claims
 (1) A supply of goods is not a *taxable supply if it is solely a supply 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.
 (2) In working out 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