House of Representatives
Private Health Insurance Incentives Amendment Bill 1998
Private Health Insurance Incentives Amendment Act 1998
Private Health Insurance Incentives Bill 1998
Taxation Laws Amendment (Private Health Insurance) Bill 1998
Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Peter Costello, MP and the Minister for Health and Aged Care, the Hon Dr Michael Wooldridge, MP))1 A person is able to move between reduced premiums and the tax offset and vice versa.
2 This will also include an employee whose employer pays premiums on their behalf and it is provided as a fringe benefit
3 In the June quarter of 1998 30.6 % of the population (or 5.7 million persons) were covered by private health insurance.
4 This is stated in the Government's policy document on tax reform at p. 49