51Repaying advance subsidy for premium year if no later application made for premium year

51 Repaying advance subsidy for premium year if no later application made for premium year

(1) This section applies if: (a) advance subsidy is paid to a medical indemnity insurer on behalf of a medical practitioner for a premium year; and (b) the insurer does not make an application under section 37 relating to the practitioner.

Note: That section requires a complying application to be made by the insurer within 13 months after the end of the premium year.

(2) The insurer must repay the amount of the advance subsidy to the Commonwealth.

Note: Section 66 provides for recovery of the amount.