Private Health Insurance Act 2007
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Hide history noteThe purpose of the [*]
To find definitions of asterisked terms, see the Dictionary in Schedule 1 .
Risk Equalisation Special Account is for [*]To find definitions of asterisked terms, see the Dictionary in Schedule 1 .
APRA to make payments to private health insurers in accordance with the Private Health Insurance (Risk Equalisation Policy) Rules.Note:
See section 80 of the Public Governance, Performance and Accountability Act 2013 (which deals with special accounts).
318-10(2)
The Private Health Insurance (Risk Equalisation Policy) Rules must specify: (a) the circumstances in which private health insurers are to be paid amounts debited from the [*]
To find definitions of asterisked terms, see the Dictionary in Schedule 1 .
Risk Equalisation Special Account; and (b) the method for working out the amount to be so debited from the Account for payment to a private health insurer; and (c) the method for working out the amount to be paid, for crediting to the Account, by private health insurers as [*]To find definitions of asterisked terms, see the Dictionary in Schedule 1 .
risk equalisation levy.318-10(3)
Before making Private Health Insurance (Risk Equalisation Policy) Rules, the Minister must consult [*]
To find definitions of asterisked terms, see the Dictionary in Schedule 1 .
APRA. However, a failure to consult APRA does not affect the validity of those Rules.Note:
This consultation requirement also applies to any repeal or amendment of such Rules: see subsection 33(3) of the Acts Interpretation Act 1901 .
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