Document ID: chunk:federal_register_of_legislation:C2024C00534:section:34zn
Version: federal_register_of_legislation:C2024C00534
Segment Type: section
Provision Reference: s 34ZN
Character Range: 141000–142589

34ZN  Regulations may provide for payments in relation to run‑off claims
 (1) The regulations may provide in relation to:
 (a) making payments to MDOs and medical indemnity insurers of claim handling fees in respect of eligible run‑off claims; and
 (b) making payments on account of legal, administrative or other costs incurred by MDOs and medical indemnity insurers (whether on their own behalf or otherwise) in respect of eligible run‑off claims; and
 (c) making payments on account of legal, administrative or other costs incurred by medical indemnity insurers (whether on their own behalf or otherwise) in respect of complying with Division 2A of Part 3 of the Medical Indemnity (Prudential Supervision and Product Standards) Act 2003.
 (2) Without limiting subsection (1), the regulations may:
 (a) make provision for:
 (i) the conditions that must be satisfied for an amount to be payable to an MDO or medical indemnity insurer; and
 (ii) the amount that is payable; and
 (iii) the conditions that must be complied with by an MDO or medical indemnity insurer to which an amount is paid; and
 (iv) other matters related to the making of payments, and the recovery of overpayments; and
 (b) provide that this Division applies with specified modifications in relation to a liability that relates to costs in relation to which an amount has been paid under regulations made for the purposes of this section.
 (3) Paragraph (2)(b) does not allow the regulations to modify a provision that creates an offence, or that imposes an obligation which, if contravened, constitutes an offence.