PRIVATE HEALTH INSURANCE INCENTIVES ACT 1997

***** Repealed 1 July 2000 *****

PART 2 - THE INCENTIVES SCHEME

Division 3 - Who is eligible to participate in the scheme?

SECTION 3-3   INCOME TEST - POLICIES COVERING ONLY ONE PERSON  

3-3(1)  [Criteria for income test]  

If the policy covers only one person, the income test is satisfied in respect of the financial year in question if the sum of the taxable incomes of all of the persons whose incomes are required by subsection (2) to be taken into account is less than the maximum amount under subsection (4).

Note:

For taxable income , see section 3-5.

3-3(2)  [Persons whose incomes are taken into account]  

The persons whose incomes are to be taken into account are:

(a)  if the person covered by the policy is not a dependent child during the financial year - that person and the partner (if any) of that person; or

(b)  if the person covered by the policy is a dependent child at any time during that year - any parent of that person, and the partner (if any) of the parent, but only if, in respect of that year:

(i) the parent, or his or her partner, made one or more payments of premiums in respect of the policy; or

(ii) a person (other than a parent of the dependent child or the partner (if any) of that parent) made one or more such payments, under an arrangement entered into with the parent or partner.

3-3(3)  [Partners]  

For the purposes of subsection (2), a person is the partner of another person only if, on the last day of the financial year, the person is the partner of that person.

3-3(4)  [Maximum amount]  

The maximum amount is:

(a)  if at all times during the financial year the person covered by the policy is not a dependent child and is not the partner of another person - $35,000; or

(b)  if at any time during the financial year the person covered by the policy is not a dependent child and is the partner of another person - $70,000; or

(c)  if at any time during the financial year the person covered by the policy is a dependent child - $70,000.

Note:

For dependent child , parent and partner , see the Dictionary.