Private Health Insurance (Registration) Rules 2007


I, ANTHONY JOHN ABBOTT, Minister for Health and Ageing, make these Rules under item 7 of the table in section 333-20 of the Private Health Insurance Act 2007. 

Dated 30 March 2007

 

TONY ABBOTT

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Minister for Health and Ageing


 

 

 

 

 

 

 

 

 

 

 

1. Name of Rules 

2. Commencement 

3. Definitions 

4. Deciding the application 

 

 

1.                      Name of Rules

These Rules are the Private Health Insurance (Registration) Rules 2007.

2.                      Commencement

These Rules commence:

(a)                    if the Rules are registered before the Act commences―at the same time as the Act commences; or

(b)                    if the Rules are registered on or after the day on which the Act commences―on the date on which the Rules are registered,

whichever occurs first.

3.                      Definitions

Note: Terms used in these Rules have the same meaning as in the Act―see section 13 of the Legislative Instruments Act 2003.  These terms include:

 Council
health benefits fund
private health insurer
Secretary of the Department

In these rules:

Act means the Private Health Insurance Act 2007.

4.                      Deciding the application

(1)        For paragraph 126-20 (2) (b) of the Act, in deciding an application by a company to be registered as a private health insurer, the Council is required to consider the following matters:

(a)                    in relation to the health benefits fund, or each of the health benefits funds, proposed to be conducted by the company:

(i)                     the ratio that the likely amount of management and administrative expenses in respect of the conduct of the fund or funds bears to the likely amount of premiums to each fund; and

(ii)                   the number of persons who will contribute, or are likely to contribute, to any of the funds proposed to be conducted by the company and the proposed premiums; and

(b)                    information on the application provided in writing by, or on behalf of, the Secretary of the Department, including information as to whether the company is likely to be able to comply with the obligations imposed by or under the Act on private health insurers.

Note

1. All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See www.frli.gov.au