Document ID: chunk:federal_register_of_legislation:C2025C00126:clause:3_5:p3
Version: federal_register_of_legislation:C2025C00126
Segment Type: clause
Provision Reference: sch 3 cl 5 (pt 3/12)
Character Range: 856986–859634

be acquired under the right or option referred to in that paragraph is not goods or *real property; and
 (d) any *GST‑free supply made by a *non‑resident that does not make the supply through an *enterprise that the non‑resident *carries on in the indirect tax zone.

188‑22  Settlements of insurance claims to be disregarded
  In working out your *current GST turnover or your *projected GST turnover, disregard any supply that you have made to the extent that the *consideration for the supply:
 (a) is a payment of *money or *digital currency, or a supply, by an insurer in settlement of a claim under an *insurance policy; or
 (aa) is a *CTP dual premium or election payment or supply, a *CTP hybrid payment or supply or a *CTP compensation or ancillary payment or supply; or
 (b) is a payment of money, or a supply, by an *HIH rescue entity in the circumstances referred to in subsection 78‑120(1).
Note: Under Subdivision 78‑B, your settlements of insurance claims can be treated as constituting supplies by insured entities.

188‑23  Supplies "reverse charged" under Division 83 or 86 not to be included in a recipient's GST turnover
  To avoid doubt, if the GST on a *taxable supply is, under Division 83 or 86, payable by the *recipient of the supply, that supply is disregarded in working out the *current GST turnover or the *projected GST turnover of the recipient.

188‑24  Supplies to which Subdivision 153‑B applies
 (1) In working out your *current GST turnover or your *projected GST turnover, you may choose to treat the *value of any *taxable supply that, under subsection 153‑55(1), you are taken to make as an intermediary as being an amount equal to the difference between:
 (a) what is, apart from this section, the value of the supply; and
 (b) the value of the taxable supply that, under subsection 153‑55(2), is taken to be made to you in relation to the taxable supply that you are taken to make.
 (2) In working out your *current GST turnover or your *projected GST turnover, you may choose to treat the *value of any *taxable supply that, under subsection 153‑60(2), you are taken to make as an intermediary as being an amount equal to the difference between:
 (a) what is, apart from this section, the value of the supply; and
 (b) 10/11 of the *consideration you provided or are liable to provide for the *creditable acquisition that, under subsection 153‑60(1), you are taken to make and that relates to that supply.

188‑25  Transfer of capital assets, and termination etc. of enterprise, to be disregarded
  In working out your *projected GST turnover, disregard:
 (a) any supply made, or likely to be made, by you