Second Reading Speeches

Medical Indemnity (IBNR Indemnity) Contribution Bill 2002

Type
Government
Portfolio
Health and Ageing
Originating house
House of Representatives
Status
Act
Parliament no
40

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Summary

Part of a package of four bills to implement a framework for medical indemnity insurance, the bill imposes a tax on members of medical defence organisations with unfunded incurred but not reported liabilities to recover the costs of Commonwealth assistance in meeting these liabilities. Also contains a regulation-making power.

We acknowledge the traditional owners and custodians of country throughout Australia and acknowledge their continuing connection to land, waters and community. We pay our respects to the people, the cultures and the elders past, present and emerging.

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