Medical Indemnity (Prudential Supervision and Product Standards) Bill 2003

Previous Citations
  • Medical Indemnity (Prudential Supervision and Product Standards) Bill 2002
Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
40
Summary
Introduced with the Medical Indemnity (Prudential Supervision and Product Standards) (Consequential Amendments) Bill 2002 and further to the package of bills implementing the framework for medical indemnity insurance, the bill provides for: medical indemnity cover only to be provided by general insurers and only under contracts of insurance, which will ensure that providers are subject to appropriate prudential supervision by the Australian Prudential Regulation Authority; transitional arrangements for current providers to meet minimum capital requirements; minimum product standards for medical indemnity insurance contracts; compulsory retroactive cover; and anti-avoidance provisions. Also contains a regulation-making power.

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Progress

House of Representatives
Introduced and read a first time 12 Dec 2002
Second reading moved 12 Dec 2002
Second reading agreed to 24 Mar 2003
Consideration in detail debate
  • Amendment details: 25 Government agreed to
24 Mar 2003
Third reading agreed to 24 Mar 2003
Senate
Introduced and read a first time 26 Mar 2003
Second reading moved 26 Mar 2003
Second reading amendment agreed to
  • Details: 1 Opposition agreed to
26 Mar 2003
Second reading agreed to 26 Mar 2003
Third reading agreed to 26 Mar 2003
Assent
  • Act no.: 37
  • Year: 2003
02 May 2003

Documents and transcripts

Text of bill

Word Format PDF Format HTML Format
Word Format PDF Format HTML Format

Explanatory memoranda

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Word Format PDF Format HTML Format

Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

No documents at present

Bills digest

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Notes

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Helpful information

Text of bill

  • First reading: Text of the bill as introduced into the Parliament
  • Third reading: Prepared if the bill is amended by the house in which it was introduced. This version of the bill is then considered by the second house.
  • As passed by both houses: Final text of bill agreed to by both the House of Representatives and the Senate which is presented to the Governor-General for assent.

Explanatory memoranda

  • Explanatory memorandum: Accompanies and provides an explanation of the content of the introduced version (first reading) of the bill.
  • Supplementary explanatory memorandum: Accompanies and explains amendments proposed by the government to the bill.
  • Revised explanatory memorandum: Accompanies and explains the amended version (third reading) of the bill. It supersedes the explanatory memorandum.

Proposed amendments

Circulated by members and senators when they propose to make changed to the bill. For details about the outcome of proposed amendments please refer to either theĀ Votes and Proceedings (House of Representatives) or the Journals (Senate).

Schedules of amendments

Schedules of amendments list amendments agreed to by the second house are communicated to the first house for consideration. Subsequent action by either house may also be included in a schedule.

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