(1) If:
(a) an IBNR indemnity is paid to an MDO or insurer in relation to a claim against or by a person in relation to an incident; and
(b) an amount to which section 24 applies is paid to the MDO or insurer;
the MDO or insurer must notify the Chief Executive Medicare that the amount has been paid to the MDO or insurer.
Note: Failure to notify is an offence (see section 46).
(2) The notification must:
(a) be in writing; and
(b) be given to the Chief Executive Medicare within 28 days after the day on which the amount is paid to the MDO or insurer.