Document ID: chunk:federal_register_of_legislation:F2024C01011:reg:62
Version: federal_register_of_legislation:F2024C01011
Segment Type: reg
Provision Reference: reg 62
Character Range: 60050–60948

62  Amount of premium support scheme administration payment
 (1) The amount of the payment for a financial year is worked out by multiplying the amount for the year in the table in subsection (2) by:
 (a) the number of medical practitioners in relation to each of whom the medical indemnity insurer was reasonably satisfied, before the end of the immediately preceding financial year (the earlier financial year), an amount of subsidy or advance subsidy was payable (or would be payable if application were made) to the insurer for a premium year falling wholly or partly within the earlier financial year; and
 (b) if that number is less than 1,000—1,000.
 (2) The following table sets out amounts for financial years.

Amounts affecting premium support scheme administration payments
Item                                                              Financial year starting on 1 July  Amount ($)