Workers compensation and GST

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Joseph12's picture
Joseph12
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Posted on 10 Apr 2010, 11:30 am
(Posts: 57)
Workers compensation and GST
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Are workers compensation payments for income loss for self employed eg. taxi driver subject to GST ?

Scott No Mates's picture
Scott No Mates
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Posted on 10 Apr 2010, 19:57 pm
(Posts: 3636)

I need some clarity here, is the insurance company paying out for an injury or are you paying your premium?

Recently I received an insurance payout for damaged plant, the payment was exclusive of gst. Their expaination was your accountant will know what to do.

I am opinionated. Take me at face value, read between the lines. 

Joseph12's picture
Joseph12
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Posted on 11 Apr 2010, 08:31 am
(Posts: 57)

Its a paying out for injury.

Dan42's picture
Dan42
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Posted on 12 Apr 2010, 09:54 am
(Posts: 617)

No, there is no GST.

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