PRIVATE HEALTH INSURANCE INCENTIVES ACT 1998
For the purposes of this Act, the incentive amount for an * appropriate private health insurance policy for a financial year is worked out in accordance with the following table:
| Incentive amounts | ||||
| Item | Number and kinds of people covered by the policy | Policy provides * hospital cover but not * ancillary cover | Policy provides * ancillary cover but not * hospital cover | Policy provides * combined cover |
| 1 | 3 or more people | $350 | $100 | $450 |
| 2 | One dependent child and one other person | $350 | $100 | $450 |
| 3 | 2 people neither of whom is a dependent child | $200 | $50 | $250 |
| 4 | One person | $100 | $25 | $125 |
If the amount of the premium paid by a person, or by a person's employer as a * fringe benefit for the person, under the * appropriate private health insurance policy is for part only of the financial year, the incentive amount is worked out using the following formula:
| Incentive amount
from subsection (1) |
× |
Number of days in that part
of the financial year 365 |
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