Australian Government, Australian Government Actuary

Second report on the costs of the Australian Government’s
Run-Off Cover Scheme for medical indemnity insurers

2005-06 financial year

© Commonwealth of Australia 2007

ISBN 0 642 74388 6

This work is copyright. Apart from any use as permitted under the Copyright Act 1968, no part may be reproduced by any process without prior written permission from the Commonwealth. Requests and inquiries concerning reproduction and rights should be addressed to:

Commonwealth Copyright Administration
Attorney-General’s Department
Robert Garran Offices
National Circuit
CANBERRA ACT 2600

Or posted at:

http://www.ag.gov.au/cca

Printed by CanPrint Communications Pty Ltd

 


 

1. Introduction

1.1. This report has been prepared to comply with certain requirements of the Medical Indemnity Act 2002 (Medical Indemnity Act). Section 34ZW of the Medical Indemnity Act provides for a report on aspects of the Run-Off Cover Scheme to be tabled each year in Parliament. The report is required to contain a statement of the:

  • number of persons eligible for membership of the Run-Off Cover Scheme (the Scheme);
  • total run-off cover (ROC) indemnity payments paid by the Commonwealth during the financial year, including claims handling and administration expenses;
  • total ROC support payments paid to the Commonwealth during the financial year; and
  • projected liabilities of the Scheme in future financial years.

1.2. This is the second report that has been prepared under section 34ZW of the Medical Indemnity Act. It relates to financial year 2005-06. The first report was tabled in Parliament on 28 March 2006.

Next: Background
Return to: Table of Contents