Income Tax Assessment (1997 Act) Regulations 2021

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-20 - TAX OFFSETS  

Division 61 - Generally applicable tax offsets  

Subdivision 61-G - Private health insurance offset complementary to Part 2-2 of the Private Health Insurance Act 2007  

SECTION 61-220.01   PRIVATE HEALTH INSURER TO PROVIDE ANNUAL STATEMENT TO PHIIB IF REQUESTED  

61-220.01(1)    
If, during a financial year, a PHIIB insured during an earlier financial year under a complying health insurance policy by a private health insurer (within the meaning of the Private Health Insurance Act 2007 ) requests a statement about that policy for that earlier year, the private health insurer must provide a statement in accordance with this section.

Note:

For complying health insurance policy and PHIIB , see subsection 995-1(1) of the Act.

61-220.01(2)    
The statement must be in the approved form, and provided to the PHIIB within 14 days after the day the request is received.

Note:

For approved form , see subsection 995-1(1) of the Act.

61-220.01(3)    
The statement may include information in relation to the following:

(a)    the complying health insurance policy held by the PHIIB and payments made under the policy;

(b)    the premium, or amounts in respect of the premium, paid during the earlier financial year in relation to the policy;

(c)    any reductions of the premium payable, or an amount payable, during the earlier financial year.