Document ID: chunk:federal_register_of_legislation:F2024C01011:reg:48
Version: federal_register_of_legislation:F2024C01011
Segment Type: reg
Provision Reference: reg 48
Character Range: 51384–52620

48  Contents of invoices given to eligible medical practitioners
  A medical indemnity insurer must ensure that each invoice it gives to an eligible medical practitioner relating to a contract of insurance between the insurer and the practitioner that provides professional indemnity cover for the practitioner for a premium period includes the following:
 (a) the amount of the membership fee for the practitioner or, if there is no such fee, a statement to that effect;
 (b) the amount of subsidy payable to the insurer on behalf of the practitioner relating to the premium period or, if no such subsidy is payable, a statement to that effect;
 (c) a statement that the amount of subsidy is subject to adjustment depending on the practitioner's income and changes in the practitioner's circumstances;
 (d) the amount of the premium;
 (e) the amount of stamp duty on the contract;
 (f) the amount of GST relating to the contract;
 (g) a statement that GST is not payable in relation to a subsidy.
Note: Section 34ZV of the Act requires invoices for premiums increasing the insurer's liability for run‑off cover support payment to include certain extra matters relating to that payment.

Subdivision D—Repaying overpayments of subsidy