Private Health Insurance (Council Administration Levy) Amendment Rule 2012 (No. 1)1
Private Health Insurance (Council Administration Levy) Act 2003
I, Tanya Plibersek, Minister for Health, make the following rule under section 9A of the Private Health Insurance (Council Administration Levy) Act 2003.
Dated 20 June 2012
Tanya Plibersek
1 Name of rule
This rule is the Private Health Insurance (Council Administration Levy) Amendment Rule 2012 (No. 1).
2 Commencement
This rule commences on 1 July 2012.
3 Amendment of Private Health Insurance (Council Administration Levy) Rules 2007
Schedule 1 amends the Private Health Insurance (Council Administration Levy) Rules 2007.
Schedule 1 Amendments
(section 3)
[1] Subrule 5 (1)
omit
(1) For
insert
For
[2] Paragraphs 5 (1) (a) and (b)
omit
calculated
insert
worked out
[3] Rule 5, note
omit
calculate
insert
work out
[4] Rules 6 and 7
substitute
(1) The rate for a single policy for each quarter of a financial year mentioned in column 2 of the following table is the amount in cents worked out using the formula in column 3 of the table.
Item | Financial year | Formula |
1 | 2012–2013 | 155 650 000 |
single coverage policies + (2 joint coverage policies) | ||
2 | 2013–2014 | 155 175 000 |
single coverage policies + (2 joint coverage policies) | ||
3 | 2014–2015 | 155 475 000 |
single coverage policies + (2 joint coverage policies) | ||
4 | 2015–2016 | 155 775 000 |
single coverage policies + (2 joint coverage policies) |
(3) In this rule:
single coverage policies means the aggregate number of single policies on issue from all private health insurers on the census day.
joint coverage policies means the aggregate number of all joint policies on issue from all private health insurers on the census day.
7 Rate for a joint policy
(1) The rate for a joint policy for each quarter of a financial year mentioned in column 2 of the following table is the amount in cents worked out using the formula in column 3 of the table.
Item | Financial year | Formula | |
1 | 2012–2013 | 2 | 155 650 000 |
single coverage policies + (2 joint coverage policies) | |||
2 | 2013–2014 | 2 | 155 175 000 |
single coverage policies + (2 joint coverage policies) | |||
3 | 2014–2015 | 2 | 155 475 000 |
single coverage policies + (2 joint coverage policies) | |||
4 | 2015–2016 | 2 | 155 775 000 |
single coverage policies + (2 joint coverage policies) | |||
(2) However, if the rate worked out for a joint policy on issue from an insurer is more than $1 for the quarter, the rate for the policy is $1.
(3) In this rule:
single coverage policies means the aggregate number of single policies on issue from all private health insurers on the census day.
joint coverage policies means the aggregate number of all joint policies on issue from all private health insurers on the census day.
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.comlaw.gov.au.