Document ID: chunk:federal_register_of_legislation:C2023C00421:section:7
Version: federal_register_of_legislation:C2023C00421
Segment Type: section
Provision Reference: s 7
Character Range: 17152–18436

7  When certain death, disability and retirement arrangements are taken to be entered into
 (1) For the purposes of this Act, if:
 (a) under an arrangement, a person (the cover provider) will or may provide medical indemnity cover of a particular kind for a health care professional; and
 (b) the cover provider will or may provide that cover only if:
 (i) a particular period has expired; and
 (ii) the health care professional dies, becomes permanently disabled or retires; and
 (c) the arrangement is not a contract of insurance;
the cover provider is taken to enter into the arrangement, to the extent to which it relates to that cover, at the earliest time at which:
 (d) there are no conditions that need to be satisfied for the cover to be provided for the health care professional; or
 (e) the only conditions that need to be satisfied for the cover to be provided for the health care professional are conditions that relate to:
 (i) payments being made to the cover provider for the cover; or
 (ii) the making of a claim against the cover provider under the arrangement.
 (2) Without limiting subparagraph (1)(b)(i), the period referred to in that subparagraph may be specified as a minimum period during which the health care professional is a member of a particular body.