Medical Indemnity (Run-off Cover Claims and Administration) Amendment Protocol 2013
Medical Indemnity Act 2002                                                
I, TANYA PLIBERSEK, Minister for Health, determine this Instrument under section 34ZN of the Medical Indemnity Act 2002.
TANYA PLIBERSEK
Dated      24 January                                                           2013
Minister for Health                                                                             
 
Part 1              Preliminary
1              Name of Instrument
This Instrument is the Medical Indemnity (Run-off Cover Claims and Administration) Amendment Protocol 2013.
2              Commencement
                This Instrument commences on the day after it is registered.
3              Amendment
Schedule 1 amends the Medical Indemnity (Run-off Cover Claims and Administration) Protocol 2006 (No. 2).
4              Application
The amendments made by this Instrument may apply to costs incurred by a medical indemnity provider on a day before this Instrument is registered. 
 
Schedule 1 - Amendments
 
[1]         Subsection 3(1), Definitions
insert
Avant means Avant Insurance Limited, ACN 003 707 471, previously Australasian Medical Insurance Limited.
PiiCA means Professional Indemnity Insurance Company Australia Pty Limited, ACN 007 383 137. 
[2]         Medicare Australia CEO
The following provisions are amended by omitting each mention of ‘Medicare Australia CEO’ and inserting ‘Chief Executive Medicare’:
·         Subsection 3(3)
·         Note following subsection 3(3)
·         Section 4
·         Paragraphs 5(1)(b), (c) and (d)
·         Subsection 6(2)
·         Subsection 6(3)
·         Paragraphs 7(1)(a), (b), (c), (g) and (h)
·         Paragraphs 8(a) and (b)
·         Subsection 9(1)
·         Subsection 9(2)
·         Paragraph 9(2)(b)
·         Paragraph 10(4)(a)
 
[3]         Part 5
substitute
Part 5              Payments to Particular Insurers
11            Payment to Avant for the Period from 1 January 2007 to 30 June 2009
(1)          Notwithstanding any other provision of this Protocol, and subject to subsection (3), the Chief Executive Medicare must pay Avant the amount of $1,066,742.97 within 30 days of receipt of an application in writing for payment under this Part. 
Note: The amount set out in this subsection 11(1) does not include GST.
(2)          A payment made to Avant under this Part is payment on account of legal, administrative or other costs incurred by Avant and PiiCA in respect of complying with Division 2A of Part 3 of the Prudential Supervision and Product Standards Act for the period from 1 January 2007 to 30 June 2009.
(3)          Neither Avant nor PiiCA is entitled to any further payment under this Protocol on account of legal, administrative or other costs incurred in respect of complying with Division 2A of Part 3 of the Prudential Supervision and Product Standards Act for the period from 1 January 2007 to 30 June 2009.