59Payment date for Level 1 Commonwealth contribution or a run‑off cover Commonwealth contribution

59 Payment date for Level 1 Commonwealth contribution or a run‑off cover Commonwealth contribution

(1) Subject to subsections (2) and (3), the Chief Executive Medicare must pay a Level 1 Commonwealth contribution or a run‑off cover Commonwealth contribution that is payable to an insurer before the end of the month that immediately follows the month in which the eligible insurer applies for the contribution. (2) If: (a) an insurer applies for a Level 1 Commonwealth contribution or a run‑off cover Commonwealth contribution; and (b) the Chief Executive Medicare requests a person to give information under section 62 in relation to the application; and (c) the person does not give the Chief Executive Medicare the information requested before the end of the month that immediately follows the month in which the insurer applies for the contribution; and (d) a Level 1 Commonwealth contribution or a run‑off cover Commonwealth contribution is payable to the insurer; the Chief Executive Medicare must pay the Level 1 Commonwealth contribution or a run‑off cover Commonwealth contribution to the insurer before the end of the month that immediately follows the month in which the person gives the Chief Executive Medicare the requested information. (3) If the Chief Executive Medicare has received, but not yet decided: (a) an application for the issue of a qualifying claim certificate in relation to a claim; and (b) an application for a Level 1 Commonwealth contribution in relation to the same claim; the Chief Executive Medicare does not have to decide the application for payment of a Level 1 Commonwealth contribution until the Chief Executive Medicare has decided the application for the issue of a qualifying claim certificate. (4) In this section:

month means one of the 12 months of the year.