Document ID: chunk:federal_register_of_legislation:F2020L00438:reg:12
Version: federal_register_of_legislation:F2020L00438
Segment Type: reg
Provision Reference: reg 12
Character Range: 8265–9484

12  Employment‑related arrangements giving health care professionals or their employers benefits of indemnities provided by general insurers or Lloyd's underwriters
 (1) This section covers arrangements that:
 (a) are made as a result of an agreement or understanding between a health care professional and the professional's employer; and
 (b) involve a person described in subsection (2) (the beneficiary) benefiting from an indemnity that:
 (i) relates to claims that may be made against the health care professional in relation to health care incidents; and
 (ii) is provided by a general insurer or a Lloyd's underwriter; and
 (iii) if the beneficiary is the health care professional (whether or not anyone else also benefits from the indemnity)—is not provided under a contract of insurance that specifies or refers to the professional, by name or otherwise, as a person to whom the insurance cover provided by the contract extends.
 (2) The beneficiary may be:
 (a) the health care professional; or
 (b) the health care professional's employer; or
 (c) if the health care professional's employer is a wholly‑owned subsidiary (within the meaning of the Corporations Act 2001) of another entity—the other entity.