63One‑off payments to certain insurers

63 One‑off payments to certain insurers

(1) An amount of $250,000 is payable to each of the following medical indemnity insurers (in addition to any other amount payable to the insurer under this Part): (a) Avant Insurance Limited ACN 003 707 471; (b) MDA National Insurance Pty Ltd ACN 058 271 417; (c) Medical Insurance Australia Pty Ltd ACN 092 709 629; (d) MIPS Insurance Pty Ltd ACN 089 048 359. (2) The Chief Executive Medicare must pay an amount payable under this section to a medical indemnity insurer within 30 days of the insurer making a written application for the payment.