Document ID: chunk:federal_register_of_legislation:C2024C00534:section:15
Version: federal_register_of_legislation:C2024C00534
Segment Type: section
Provision Reference: s 15
Character Range: 45360–45942

15  IBNR indemnity may be payable under either section 16 or 17
 (1) An IBNR indemnity may be payable to an MDO or insurer under either section 16 or 17.
 (2) To avoid doubt, an IBNR indemnity may be payable to an MDO or insurer under section 16 even if the MDO or insurer is a Chapter 5 body corporate.
 (3) An IBNR indemnity is not payable to an MDO or insurer under section 16 in relation to a payment the MDO or insurer makes to discharge a liability in relation to a claim if an IBNR indemnity is paid to the MDO or insurer under section 17 in relation to the same liability.