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Hi mate, good to see another Aussie on here. For what it's worth, I would wait for a new bumper. If the bumper has any deep gouges (i.e. into the surface of the bumper material, it will need to be filled before respraying. Given the flexibility of the material, the filler can shrink and react over time, causing the paint to craze etc... I had the unfortunate luck to have a peice of blown out tyre from a vehicle in front hit the bumper of my 640iGC on the freeway at 100kph. I took the car to a BMW panel shop and they told me that other than respraying, they do not make any repairs to bumpers, no matter how small. I suspect this is why BMW insurance have approved a new bumper. It's a $4k part, if I were you, I would take advantage and get a brand new one - you can always ask to keep the old one just in case you ever need it.
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