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CS 20/01
03 Feb 2020

GST liability for insurance and settlement payments to third party claimants

This Commissioner’s Statement sets out the Commissioner’s position on the GST liability of a GST registered third party claimant when they receive a payment for damages or loss incurred, including by way of settlement agreement, under a contract of insurance.

TIB Volume 32 No 2 March 2020

Goods and Services Tax Act 1985: s 5(13)