Commonwealth Consolidated Acts

MEDICAL INDEMNITY ACT 2002 - SECT 66B

             (1)  If:

                     (a)  a medical indemnity insurer or an MDO (the collection body ) is liable under paragraph 66A(4)(b) to remit an amount to the Chief Executive Medicare; and

                     (b)  all or part of the amount has not been remitted to the Chief Executive Medicare within the period referred to in subsection 66A(5);

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

             (2)  The late payment penalty is calculated:

                     (a)  at the prescribed rate; and

                     (b)  on the unpaid amount of the amount to be remitted; and

                     (c)  for the period:

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

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

             (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 Appeals 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 27A of the Administrative Appeals Tribunal Act 1975 requires notification of a decision that is reviewable.