(1) Subject to this section and section 37, during the period of a bulk payment agreement, Divisions 1 and 2 do not apply in relation to a claim if:
(a) the notifiable person in relation to the claim has entered into the bulk payment agreement with the Chief Executive Medicare; and
(b) the notifiable person has complied with all the conditions of the bulk payment agreement.
(2) This section does not affect the operation of Divisions 1 and 2 in relation to an amount of compensation fixed under a judgment or settlement, in respect of the claim, if the amount was fixed prior to the start of the period of the bulk payment agreement.
(3) This section does not affect the operation of Divisions 1 and 2 in relation to a reimbursement arrangement that has been made in respect of the claim.