Document ID: chunk:federal_register_of_legislation:C2004A01310:clause:1_34zt
Version: federal_register_of_legislation:C2004A01310
Segment Type: clause
Provision Reference: sch 1 cl 34ZT
Character Range: 40787–41633

34ZT  Medical indemnity insurers must provide information attributing run‑off cover payments

 (1) A medical indemnity insurer must, in relation to each run‑off cover payment that the medical indemnity insurer is liable to make to the HIC, notify the HIC of:
 (a) each medical practitioner to whom the payment is attributable; and
 (b) for each such practitioner, each financial year in relation to which the payment is attributable; and
 (c) for each such practitioner and financial year, the extent to which the payment is attributable to the practitioner in relation to the financial year.

Note: Failure to notify is an offence (see section 46).

 (2) The notification must:
 (a) be made in writing; and
 (b) must be given to the HIC on or before the payment day under section 61 for the run‑off cover payment.

Subdivision F—Miscellaneous