Document ID: chunk:federal_register_of_legislation:C2017A00118:clause:1_8
Version: federal_register_of_legislation:C2017A00118
Segment Type: clause
Provision Reference: sch 1 cl 8
Character Range: 4885–5423

8  Subsection 78‑35(1)
Repeal the subsection, substitute:
 (1) If, in settlement of a claim made by an insurer in the insurer's exercising of rights of subrogation in respect of an *insurance policy, an entity that is not insured under the policy makes one or more of the following:
 (a) a payment of *money;
 (b) a payment of *digital currency;
 (c) a supply;
the payment or supply is not treated as *consideration for a supply made by the insurer (whether or not the payment or supply is made to the insurer) or by the entity insured.