Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 78.5

             (1)  The * value of a * taxable supply of an * insurance policy is worked out as if the * price of the supply were reduced by the amount of any stamp duty payable under a * State law or * Territory law in respect of the supply.

             (2)  This section has effect despite section 9- 75 (which is about the value of taxable supplies).