Commonwealth Consolidated Acts

MIDWIFE PROFESSIONAL INDEMNITY (COMMONWEALTH CONTRIBUTION) SCHEME ACT 2010 - SECT 76

  (1)   If:

  (a)   a person is liable to pay a run - off cover support payment; and

  (b)   the payment remains wholly or partly unpaid after it becomes due and payable;

the person is liable to pay a late payment penalty under this section.

  (2)   The late payment penalty is calculated:

  (a)   at the rate specified in the Rules; and

  (b)   on the unpaid amount of payment; and

  (c)   for the period:

  (i)   starting when the payment becomes due and payable; and

  (ii)   ending when the payment, and the penalty payable under this section in relation to the payment, have been paid in full.

Paragraph   (c) has effect subject to subsection   (3).

  (3)   The Chief Executive Medicare may remit the whole or a part of an amount of late payment penalty if the Chief Executive Medicare considers that there are good reasons for doing so.

  (4)   An application may be made to the Administrative Review Tribunal for review of a decision of the Chief Executive Medicare not to remit, or to remit only part of, an amount of late payment penalty.

Note:   Section   266 of the Administrative Review Tribunal Act 2024 requires notification of a decision that is reviewable.