Document ID: chunk:federal_register_of_legislation:C2004A01310:clause:1_12
Version: federal_register_of_legislation:C2004A01310
Segment Type: clause
Provision Reference: sch 1 cl 12
Character Range: 10470–11008

12  After subsection 7(2)
Insert:

 (2A) For the purposes of subparagraph 34ZB(1)(e)(ii), a person has incident‑occurring based cover if, under an arrangement between an MDO and the person, the MDO:
 (a) would be able to indemnify the person in relation to an incident if the person were to make a proper claim in relation to the incident; and
 (b) would be able, in the ordinary course of its business, to indemnify the person in relation to the incident even if the person had ceased to be a member of the MDO when the claim was made.