Document ID: chunk:federal_register_of_legislation:C2024C00534:section:4:p3
Version: federal_register_of_legislation:C2024C00534
Segment Type: section
Provision Reference: s 4 (pt 3/7)
Character Range: 23241–25857

payment means:
 (a) an IBNR indemnity; or
 (b) a high cost claim indemnity; or
 (c) an exceptional claims indemnity; or
 (d) a run‑off cover indemnity; or
 (e) an allied health high cost claim indemnity; or
 (f) an allied health exceptional claims indemnity.
insurance business has the same meaning as in the Insurance Act 1973.
insurer means a person who carries on insurance business.
insurer‑to‑insurer payment means a payment that:
 (a) is made by an MDO or insurer to an MDO or an insurer; and
 (b) is not made by the MDO or insurer on behalf of another person.
invoice includes:
 (a) any document issued by an MDO to a person (whether or not the person is already a member of the MDO) that contains a quote for the amount of subscription that is or would be payable by that person for membership of the MDO; and
 (b) any document issued by a medical indemnity insurer to a person (whether or not the medical indemnity insurer already provides medical indemnity cover to the person) that contains a quote for the amount of premium that is or would be payable by that person for provision of such cover.
late payment penalty:
 (a) in relation to an amount repayable under section 24—means a penalty payable under section 27; and
 (aa) in relation to a debt owed under section 34T—means a penalty payable under section 34W; and
 (ab) in relation to a debt owed under section 34ZJ—means a penalty payable under section 34ZM; and
 (ac) in relation to a debt owed under section 34ZZZ—means a penalty payable under section 34ZZZC; and
 (b) in relation to a run‑off cover support payment—means a penalty payable under section 65.
legal practitioner means a person who is enrolled as a barrister, a solicitor, a barrister and solicitor, or a legal practitioner, of:
 (a) a federal court; or
 (b) a court of a State or Territory.
MDO has the meaning given by section 5.
medical indemnity cover: a contract of insurance provides medical indemnity cover for a person if:
 (a) the person is specified or referred to in the contract, whether by name or otherwise, as a person to whom the insurance cover provided by the contract extends; and
 (b) the insurance cover indemnifies the person (subject to the terms and conditions of the contract) in relation to claims that may be made against the person in relation to incidents that occur or occurred in the course of, or in connection with, the practice by the person of a medical profession.
Note: A single contract of insurance may provide medical indemnity cover for more than one person.
medical indemnity insurer means:
 (a) a body corporate authorised under section 12