Commonwealth Consolidated Acts

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MIDWIFE PROFESSIONAL INDEMNITY (COMMONWEALTH CONTRIBUTION) SCHEME ACT 2010 - SECT 48

Reports on run - off cover Commonwealth provisions

  (1)   After the end of each financial year, the Actuary must give the Secretary a report on the operation of this Part.

  (2)   Without limiting the matters that may be included in a report under subsection   (1), the report must include:

  (a)   a statement of the number of persons who were, at the end of the financial year, persons to whom subsection   31(2) applies; and

  (b)   a statement of the total of all the amounts of run - off cover Commonwealth contribution paid by the Commonwealth during the financial year; and

  (c)   a statement of the total of all the amounts of run - off cover support payments paid to the Commonwealth during the financial year; and

  (d)   estimates by the Actuary of the Commonwealth's liabilities in relation to amounts of run - off Commonwealth contributions in future financial years.

  (2A)   The Secretary must publish the report on the Department's website within 30 days after receiving the report.

  (3)   If a run - off cover termination date has been set (see subsection   7(3)), this section does not apply in relation to a financial year starting after the end of the financial year in which the termination date occurs.



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