Private Health Insurance (Levy Administration) Rules 2007 (Cth)

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Private Health Insurance (Levy Administration) Rules 2007

I, ANTHONY JOHN ABBOTT, Minister for Health and Ageing, make these Rules under item 14 of the table in section 333-20 of the Private Health Insurance Act 2007.

Dated 30 March2007

TONY ABBOTT

____________________________________

Minister for Health and Ageing

Contents

1.Name of Rules

These Rules are the Private Health Insurance (Levy Administration) Rules 2007 .

2.Commencement

These Rules commence:

  1. (a)

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

  2. (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:

complaints levy

Council administration levy

late payment penalty

risk equalisation levy

In these Rules:

Act means the Private Health Insurance Act 2007.

4.Council administration levy

For paragraph 307-1 (1) (b) of the Act, the paymentday for Council administration levy imposed on a day (the imposition day) under section 6 of the Private Health Insurance (Council Administration Levy) Act 2003is 14 days after the imposition day.

Note: The imposition day for the Council administration levy is the 28th day of the second month of each quarter ending on the last day of March, June, September or December in a financial year.

5.Complaints levy

For paragraph 307-1 (1) (b) of the Act, the paymentday 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.

6.Risk equalisation levy

For paragraph 307-1 (1) (b) of the Act, the paymentday 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.

7.Rate of late payment penalty

For paragraph 307-5 (2) (a) of the Act, the rate of late payment penalty is specified as 15% per year.

Note

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

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