53Reporting between making application for advance subsidy and making final application for subsidy

53 Reporting between making application for advance subsidy and making final application for subsidy

(1) This section applies if: (a) under section 36, a medical indemnity insurer makes a complying application for advance subsidy to be paid to the insurer on behalf of a medical practitioner for a premium year; and (b) the insurer is later aware that information in the application was not correct or is no longer correct. (2) The insurer must, as soon as reasonably practicable, give the Chief Executive Medicare correct information about all the matters dealt with in the application. (3) If the advance subsidy was paid to the insurer before the insurer complies with subsection (2), the insurer must comply with that subsection by giving the information in a complying application for an adjustment of the advance subsidy. (4) Subsections (2) and (3) do not apply after the insurer makes an application under section 37 for subsidy to be paid to the insurer on behalf of the practitioner for the premium year.