Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 1999 (44 of 1999)

Schedule 6   Miscellaneous amendments

National Health Act 1953

26   After section 82Q

Insert:

82QAA Special provisions relating to certain registered organizations

(1) This section applies to a registered organization that carries on a health insurance business and that is a jointly regulated friendly society within the meaning of section 16ZB of the Life Insurance Act 1995.

Note: Jointly regulated friendly societies are permitted to carry on both life insurance business and health insurance business.

(2) The regulations may set out modifications of this Part that are to apply in relation to registered organizations to which this section applies.

(3) Modifications set out in regulations for the purposes of subsection (2) cannot:

(a) modify a provision of this Part that creates an offence; or

(b) include new provisions that create offences.

(4) This Act applies in relation to a registered organization to which this section applies subject to any modifications set out in regulations for the purposes of subsection (2).

(5) In this section:

modifications includes omissions, additions and substitutions.