Document ID: chunk:federal_register_of_legislation:F2023L00339:clause:1_4
Version: federal_register_of_legislation:F2023L00339
Segment Type: clause
Provision Reference: sch 1 cl 4
Character Range: 1789–2591

4  Definitions
           Note: A number of expressions used in this instrument are defined in the Act, including the following:
             (a) ABN;
             (b) creditable acquisition;
             (c) GST return;
             (d) input tax credit.
  In this determination:
Act means the A New Tax System (Goods and Services Tax) Act 1999.
insurance or reinsurance broker means:
            (a) an insurance broker as defined in the Act; and
            (b) a reinsurance broker as defined in this section.
reinsurance broker is a person who carries on the business of arranging contracts of insurance for an insurer that seeks to distribute its potential liability by laying off part of its risk to another insurer (the reinsurer) with the object of reducing the amount of its possible loss.