Private Health Insurance (Council Administration Levy) Amendment Rule 2012 (No. 1)

Link to law: https://www.comlaw.gov.au/Details/F2012L01391

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
Minister for Health
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
6              Rate for a single policy
         (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 Í joint coverage policies)

2
2013–2014
155 175 000

single coverage policies + (2 Í joint coverage policies)

3
2014–2015
155 475 000

single coverage policies + (2 Í joint coverage policies)

4
2015–2016
155 775 000

single coverage policies + (2 Í joint coverage policies)

         (2)   However, if the rate worked out for a single policy on issue from an insurer is more than 50 cents for the quarter, the rate for the policy is 50 cents.
         (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 Í
155 650 000

single coverage policies + (2 Í joint coverage policies)

2
2013–2014
2 Í
155 175 000

single coverage policies + (2 Í joint coverage policies)

3
2014–2015
2 Í
155 475 000

single coverage policies + (2 Í joint coverage policies)

4
2015–2016
2 Í
155 775 000

single coverage policies + (2 Í 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.
 
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