CTHRepealedLegislation
Medical Indemnity Regulations 2003
4Amount recoverable from MDO or insurer after IBNR indemnity paid—late payment penalty rate
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4 Amount recoverable from MDO or insurer after IBNR indemnity paid—late payment penalty rate
For paragraph 27(2)(a) of the Act, the rate of 0.03227397% per day is prescribed.
Note: The rate prescribed by this regulation is the general interest charge rate set by the Australian Taxation Office as at 15 August 2003.