Medical Indemnity (Run-off Cover Support Payment) Amendment Regulations 2005 (No. 1) (Cth)

Medical Indemnity (Run-off Cover Support Payment) Amendment Regulations 2005 (No. 1)¹

Select Legislative Instrument 2005 No. 314

I, PHILIP MICHAEL JEFFERY, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Medical Indemnity (Run-off Cover Support Payment) Act 2004.

Dated 15 December 2005

P. M. JEFFERY

Governor-General

By His Excellency’s Command

TONY ABBOTT

Minister for Health and Ageing

Name of Regulations

These Regulations are the Medical Indemnity (Run-off Cover Support Payment) Amendment Regulations 2005 (No. 1).

Commencement

These Regulations are taken to have commenced on 1 July 2004.

Amendment of Medical Indemnity (Run-off Cover Support Payment) Regulations 2004

Schedule 1 amends the Medical Indemnity (Run-off Cover Support Payment) Regulations 2004.

Schedule 1 Amendment

(regulation 3)

[1] Subregulation 7 (2), including notes 1, 2 and 3

substitute

(2)The amount is the amount of refund payable by a medical indemnity insurer to a medical practitioner in respect of an overpayment of a premium for medical indemnity cover (whether or not the overpayment was made during the period for which the insurer’s premium income is being calculated).

Note Under subsection 7 (2) of the Act, the amount of a medical indemnity insurer’s premium income for a period under subsection 7 (1) of the Act is reduced by the sum of all amounts of the kind specified in this regulation payable during the period.

Note

All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See