Private Health Insurance (Prudential Supervision) (Consequential Amendments and Transitional Provisions) Act 2015 (87 of 2015)

Schedule 1   Consequential amendments

Part 1   Amendments

Division 1   Main amendments

Private Health Insurance Act 2007

80   Section 185-1

Repeal the section, substitute:

185-1 Introduction

This Part gives the Minister powers to enable him or her to find out whether a private health insurer is complying with its enforceable obligations and to encourage or compel an insurer to comply with those obligations.

The Minister can:

(a) set performance indicators for insurers; or

(b) seek explanations from insurers; or

(c) investigate insurers; or

(d) obtain enforceable undertakings from insurers; or

(e) direct insurers to do particular things; or

(f) seek remedies in the Federal Court; or

(g) revoke an insurer's entitlement to offer tax rebates as premium reductions.