48Reports on run‑off cover Commonwealth provisions

48 Reports on run‑off cover Commonwealth provisions

(1) After the end of each financial year, the Actuary must give the Secretary a report on the operation of this Part. (2) Without limiting the matters that may be included in a report under subsection (1), the report must include: (a) a statement of the number of persons who were, at the end of the financial year, persons to whom subsection 31(2) applies; and (b) a statement of the total of all the amounts of run‑off cover Commonwealth contribution paid by the Commonwealth during the financial year; and (c) a statement of the total of all the amounts of run‑off cover support payments paid to the Commonwealth during the financial year; and (d) estimates by the Actuary of the Commonwealth’s liabilities in relation to amounts of run‑off Commonwealth contributions in future financial years. (2A) The Secretary must publish the report on the Department’s website within 30 days after receiving the report. (3) If a run‑off cover termination date has been set (see subsection 7(3)), this section does not apply in relation to a financial year starting after the end of the financial year in which the termination date occurs.