Soon you will receive your insurance renewal which will be based on your current practice information held by us on file.  For the majority of members their practice details change little year on year, but you will need to review and, if necessary, update your Gross Income estimate.


We are often asked by members what should be included in calculating their Gross Income estimate. Gross Income means the total of all billings generated by you from all areas of practice for which you require medical indemnity cover for the Policy Period. This includes payments to you by:

  • Individuals
  • Commonwealth Department of Veterans Affairs
  • Workers compensation schemes and third party and/or vehicle insurers
  • Medicare
  • Any income earned from medical practise overseas that is covered by the Policy whether retained by you or otherwise
  • Income derived from any other sources (such as professional fees, incentive payments etc.).

The calculation should exclude apportionment of any expenses and/or tax (it is ‘gross’ – i.e. before expenses and tax are deducted).

Any income you generate from work which is indemnified by your employer (and for which you do not need insurance) can be excluded from the calculation.

Gross Income is defined by the Federal Government and the same definition applies to all medical indemnity insurers.

If you have any questions or require clarification in estimating your Gross Income for the coming year, please call your Client Services Officer as they are here to help.

Please remember that you can update your details at any time via the Change of Details Form in the Client Area of our website.

If on receipt of your Renewal Package you have any questions or need assistance, please do not hesitate to contact your Client Services Officer on 1800 777 156.

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