Australian Government, Australian Government Actuary

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

2018-19 financial year

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Complete document 3.86MB

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 (the 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 Scheme;
  • total Run-Off Cover indemnity payments (ROC indemnity payments) paid by the Commonwealth during the financial year, including claims handling and administration expenses;
  • 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.

This is the fifteenth report that has been prepared under section 34ZW of the Medical Indemnity Act. It relates to financial year 2018-19. The fourteenth report was tabled in Parliament on 10 September 2019.