Private Health Insurance (Levy Administration) Rules 2015
I, SHANE PORTER, delegate of the Minister for Health, make these Rules under item 14 of the table to section 333-20 of the Private Health Insurance Act 2007.
Dated 29 June 2015
Shane Porter
Assistant Secretary
Private Health Insurance Branch
Medical Benefits Division
Department of Health
Contents
1. Name of Rules
2. Commencement
3. Revocation
4. Authority
5. Definitions
6. Complaints levy
7. Risk equalisation levy
8. Rate of late payment penalty
9. National joint replacement register levy
These Rules are the Private Health Insurance (Levy Administration) Rules 2015.
These Rules commence on 1 July 2015.
These Rules revoke the Private Health Insurance (Levy Administration) Rules 2010.
These Rules are made under the Private Health Insurance Act 2007.
In these Rules:
Act means the Private Health Insurance Act 2007.
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:
complaints levy
late payment penalty
national joint replacement register levy
risk equalisation levy
For paragraph 307-1 (1) (b) of the Act, the payment day for complaints levy imposed on a day (the imposition day) under section 5 of the Private Health Insurance (Complaints Levy) Act 1995 is 31 December each year.
For paragraph 307-1 (1) (b) of the Act, the payment day for risk equalisation levy imposed on a day (the imposition day) under section 6 of the Private Health Insurance (Risk Equalisation Levy) Act 2003 is 14 days after the imposition day.
Note: The imposition day for the risk equalisation levy is the 21st day of the second month of each quarter ending on the last day of March, June, September or December in a financial year.
For paragraph 307-5 (2) (a) of the Act, the rate of late payment penalty is specified as 15% per year.
For paragraph 307-1 (1) (b) of the Act, the payment day for national joint replacement register levy imposed on a day (the imposition day) under paragraph 6 (1) (a) of the Private Health Insurance (National Joint Replacement Register Levy) Act 2009 is 21 days after the imposition day.
Note: The imposition day for the national joint replacement register levy is 31 October and 30 April of each financial year.