Private Health Insurance (Insurer Obligations) Amendment Rule 2013 (No. 1)1
Private Health Insurance Act 2007
The Private Health Insurance Administration Council makes the following rule under section 333-25 of the Private Health Insurance Act 2007.
Dated 6 September 2013
Commissioner of Private Health Insurance Administration
1 Name of rule
This rule is the Private Health Insurance (Insurer Obligations) Amendment Rule 2013 (No. 1).
Each provision of this rule specified in column 1 of the table commences in accordance with column 2 of the table.
Sections 1 to 3 and anything in this regulation not elsewhere covered by this table
The day after this rule is registered
Schedule 1 Items  to ;
31 March 2014
This rule is made under the Private Health Insurance Act 2007.
The Private Health Insurance (Insurer Obligations) Rules 2009 are amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.
Schedule 1 — Amendments
 Part 1, Preliminary, Rule 4 Definitions, after the definition of related person;
“stress test amount of a health benefits fund, has the meaning given by subclause 10 (1) of Schedule 3 of the Private Health Insurance (Health Benefits Fund Administration) Rules 2007.”
 Part 2, Reporting and notification requirements, Rule 6 Information to be given to the Council
Repeal the section.
 Part 2, Reporting and notification requirements, Rule 7 Certification requirements
Repeal the section.
 Schedule 2 Appointed Actuary Standard, Part 2 Duties and powers of appointed actuaries, subrule 7 (2) (c)
“(c) the assessment of the reasonableness of any discretionary margin adopted by the insurer for the purpose of assessing the capital adequacy of a fund; and”
“(c) the assessment of the reasonableness of the amount of uncertainty allowed for by the insurer in calculating the stress test amount in the capital adequacy standard; and”
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.