Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If, in a financial year, a medical indemnity insurer refuses to enter into a contract of insurance with a medical practitioner to provide professional indemnity cover, the insurer must notify the Secretary within 2 months after the end of the financial year of:
(a) the number of times in the financial year the insurer refused to enter into a contract of insurance with a medical practitioner to provide professional indemnity cover; and
(b) any other matter that relates to the insurer's obligations under Division 2 and that is specified in the rules.
Note: Failure to notify is an offence (see section 53C).
(2) If, in a financial year, a medical indemnity insurer requires a medical practitioner to pay a risk surcharge, the insurer must notify the Secretary within 2 months after the end of the financial year of:
(a) the number of times in the financial year the insurer required a medical practitioner to pay a risk surcharge; and
(b) any other matter that relates to the insurer's obligations under Division 2 and that is specified in the rules.
Note: Failure to notify is an offence (see section 53C).
(3) The Secretary may, by notifiable instrument, approve a form for the purposes of notification under subsection (1) or (2).
(4) If the Secretary does so, the notification must be in the approved form.
(5) Within 3 months after the end of the financial year, the Secretary must publish on the Department's website any information notified under paragraph (1)(a) or (2)(a) in relation to the financial year.