Nineteenth report on the costs of the Australian Government’s Run Off Cover Scheme for medical indemnity insurers - 2022-23 Financial Year

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 and Aged Care’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
• a projection of the Commonwealth’s liabilities in relation to amounts of Run‑Off Commonwealth contributions in future financial years.

This is the nineteenth report that has been prepared under section 34ZW of the Medical Indemnity Act. It relates to financial year 2022‑23. The eighteenth report was published on 28 June 2023. The requirement for the report to be tabled in Parliament was removed after the fifteenth report.