Commonwealth Consolidated Acts

MEDICAL INDEMNITY ACT 2002 - SECT 34

             (1)  The amount of a high cost claim indemnity is:

                     (a)  50%; or

                     (b)  such other percentage as is prescribed by the regulations;

of the amount by which the amount of the MDO's or insurer's qualifying payment, or the sum of the amounts of the MDO's or insurer's qualifying payments, exceeds the high cost claim threshold.

             (2)  Regulations that specify for the purposes of paragraph (1)(b) a percentage that is less than the percentage in force at the time the regulations are entered on the Federal Register of Legislative Instruments must not take effect earlier than 12 months after the day on which the regulations are so entered.