34D
In forceInteraction with high cost claim indemnity scheme and run‑off cover indemnity scheme
Part 2Commonwealth payments
Division 2AExceptional claims indemnity scheme
Subdivision AIntroduction
34D Interaction with high cost claim indemnity scheme and run‑off cover indemnity scheme
For the purposes of the definition of practitioner’s contract limit in subsection 4(1), and of paragraphs 34L(1)(e) and (f), an amount that an insurer has paid or is liable to pay, or would have been liable to pay, under a contract of insurance is not to be reduced on account of a high cost claim indemnity, or a run‑off cover indemnity, paid or payable, or that would have been payable, to the insurer.
This Act’s bill:Explanatory memorandumSecond reading speech
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