(1) A payment that the Commonwealth is liable to make in relation to an affected eligible midwife:
(a) must be paid to a person who:
(i) is nominated by the eligible midwife; and
(ii) has, on or after the run - off cover termination date, provided midwife professional indemnity cover for the eligible midwife under a contract of insurance; and
(b) must be paid as all or part of the premium payable for the provision of that cover; and
(c) must be paid within 12 months after that date; and
(d) must not exceed the eligible midwife's total run - off cover credit.
(2) Amounts payable by the Commonwealth under this Division are payable out of the Consolidated Revenue Fund, which is appropriated accordingly.