Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 165.212D

Restructure of MDOs etc.

  (1)   An * MDO does not fail to satisfy the * business continuity test merely because, before 1   July 2003:

  (a)   the MDO restructured the way it * provides medical indemnity cover; or

  (b)   the MDO ceased to provide medical indemnity cover;

in order to comply with the Medical Indemnity (Prudential Supervision and Product Standards) Act 2003 .

  (2)   A * general insurance company which is an * associate of an * MDO does not fail to satisfy the * business continuity test merely because, before 1   July 2003:

  (a)   the MDO restructured the way it * provides medical indemnity cover; or

  (b)   the MDO ceased to provide medical indemnity cover;

in order to comply with the Medical Indemnity (Prudential Supervision and Product Standards) Act 2003 .


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