Document ID: chunk:federal_register_of_legislation:C2010C00583:clause:11_42
Version: federal_register_of_legislation:C2010C00583
Segment Type: clause
Provision Reference: sch 11 cl 42
Character Range: 153953–154829

42  At the end of section 22
Add:

 (3) The settlement of a claim for compensation does not give rise to any adjustment, and is not a taxable supply, under Division 79 or 80 of the GST Act to the extent that the event giving rise to the claim happened before 1 July 2000.

 (4) However, if:
 (a) the claim is one mentioned in section 79‑25 of the GST Act and the insurance policy concerned covers a period that started before 1 July 2000 and ends after that day; and
 (b) it cannot be ascertained whether the event giving rise to the claim happened before 1 July 2000;
subsection (3) does not apply and the settlement does not give rise to any adjustment, and is not a taxable supply, under Division 79 or 80 of the GST Act if the claim was made before 1 July 2000.

Note: The heading to section 22 is replaced by the heading "Event before 1 July 2000 giving rise to claim".