Document ID: chunk:federal_register_of_legislation:C2019A00105:clause:4_150
Version: federal_register_of_legislation:C2019A00105
Segment Type: clause
Provision Reference: sch 4 cl 150
Character Range: 60922–62514

150  Run‑off cover indemnity scheme
(1) The amendments of subsection 34ZB(2) of the Medical Indemnity Act 2002 made by this Schedule apply in relation to:
 (a) any claim made after the commencement of this item; and
 (b) any requirement under Division 2A of Part 3 of the Medical Indemnity (Prudential Supervision and Product Standards) Act 2003 to provide medical indemnity cover (within the meaning of that Act) after commencement of this item.
(2) Despite the amendments of section 34ZM of the Medical Indemnity Act 2002 made by this Schedule:
 (a) that section; and
 (b) any regulations made for the purposes of that section;
as in force immediately before the commencement of this item, continue to apply in relation to any amount that becomes due and payable under section 34ZJ of that Act before that commencement.
(3) Despite the amendments of Subdivision D of Division 2B of Part 2 of the Medical Indemnity Act 2002 made by this Schedule, section 34ZO of that Act continues to apply in relation to any payment, or amount payable, under the Run‑off Cover Claims and Administration Protocol (within the meaning of that Act as in force immediately before the commencement of this item), as if those amendments had not been made.
(4) The amendments of section 34ZS of the Medical Indemnity Act 2002 made by this Schedule apply in relation to any financial year commencing before, on or after the commencement of this item.
(5) The amendments of section 34ZW of the Medical Indemnity Act 2002 made by this Schedule apply in relation to financial years commencing on or after 1 July 2020.