Sixteenth report on the costs of the Australian Government’s Run-Off Cover Scheme for medical indemnity insurers - 2019-20 Financial Year

Release Date
10 June 2021

This report has been prepared to comply with certain requirements of the Medical Indemnity Act 2002 (Medical Indemnity Act). Section 34ZW of the Medical Indemnity Act provides for a report on aspects of the Run-Off Cover Scheme (the Scheme) to be published each year on the Department of Health’s website. The report is required to contain a statement of the:

  • number of persons eligible for membership of the Scheme;
  • total Run-Off Cover indemnity payments (ROC indemnity payments) paid by the Commonwealth during the financial year, including claims handling and administration expenses;
  • total Run-Off Cover support payments (ROC support payments) paid to the Commonwealth during the financial year; and
  • a projection of the Commonwealth’s liabilities in relation to amounts of Run-Off Commonwealth contributions in future financial years.

This is the sixteenth report that has been prepared under section 34ZW of the Medical Indemnity Act. It relates to financial year 2019-20. The fifteenth report was tabled in Parliament on 31 August 2020. The requirement for the report to be tabled each year in Parliament has since been removed.