1.1.1. This report has been prepared to comply with certain requirements of the Midwife Professional Indemnity (Commonwealth Contribution) Scheme Act 2010 (the Act). Section 48 of the Act provides for a report on aspects of the Midwife Professional Indemnity Scheme (the Scheme) to be tabled each year in Parliament. The report is required to contain a statement of the:
- number of persons eligible for the Run-Off Cover component of the Scheme (ROC Scheme) as set out in subsection 31(2) of the Act; s
- total Run-Off Cover Commonwealth contributions (ROC Commonwealth contributions) paid by the Commonwealth during the financial year;
- total Run-Off Cover support payments (ROC support payments) paid to the Commonwealth during the financial year; and
- a projection of the Commonwealth’s liabilities in relation to amounts of Run-Off Commonwealth contributions in future financial years.
1.1.2. This is the seventh report that has been prepared under section 48 of the Act. It relates to financial year 2016-17. The sixth report was tabled in Parliament on
14 September 2017.