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  • Compensation for loss: GST and insurance issues from the insured's perspective paper

Compensation for loss: GST and insurance issues from the insured's perspective paper

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Non Member Price: $75.00

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Published on 06 Sep 12 by NATIONAL DIVISION, THE TAX INSTITUTE

Most businesses will be exposed in some way to issues concerning compensation for loss, whether through insurance or damages or warranty claims. Natural disasters in recent times have brought insurance issues into particular focus.

This paper covers:

  • insurance premiums
    • general observations
    • scenario 1 – standard business asset insurance
    • scenario 2 – transit insurance for staff relocations
  • insurance claims
    • general rules
    • disclosure of input tax credit entitlement to the insurer
    • excess payments
    • insurance settlements – general observations
      • cash settlements
      • property settlements
      • supplies of goods
      • ex-gratia insurance settlements.

Author profile

Michael Flanderka
Michael is Managing Director and CEO of Data Interactive, working with subject matter experts and clients to understand and maximise the value the latest robotic automation technologies can deliver to their organisation. Michael was formerly a Specialist Tax Adviser and Chartered Accountant with 20 years experience across senior roles in the GST and indirect tax consulting industry. - Current at 13 August 2018

 

This was presented at 2012 National GST Intensive .

Get a 20% discount when you buy all the items from this event.

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Joint keynote address

Author(s):  James O'HALLORAN,  Robert OLDING

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El Condor Pasa - Is GST change inevitable?

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GST issues and wealth management

Author(s):  Bill PACKWOOD,  Amelia O'Rourke

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Author(s):  Tony WINDLE,  Patrick LAVERY

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Compensation for loss: Settlement arrangements, court orders and warranty claims

Author(s):  Geoff MANN,  Nika Dharmadasa,  Jayr Teng

Materials from this session:

Compensation for loss: GST issues from the insured's perspective

Author(s):  Michael Flanderka

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GST case update

Author(s):  Cathryn FERRARIS,  Cindy Zhang

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Managing GST/VAT in the Asian century

Author(s):  Lachlan R WOLFERS

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Cross border transactions: GST update

Author(s):  Denis MCCARTHY

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Refunds and the brave new world of section 105-65

Author(s):  Michelle BENNETT

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Aquisition supplies

Author(s):  Andrew SOMMER,  Brad MILLER

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GST and E-commerce

Author(s):  Jeremy GEALE,  Alison Sharpe

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Consideration reconsidered

Author(s):  Kevin O'ROURKE

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GST and real property

Author(s):  Scott McGill,  Heydon MILLER

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GST ruling system in practice

Author(s):  Mark L ROBERTSON

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Further details about this event:

 

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