Private Health Insurance (Risk Equalisation Levy) Rules 2007 (Cth)

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Private Health Insurance (Risk Equalisation Levy) Rules 2007

I, ANTHONY JOHN ABBOTT, Minister for Health and Ageing, make these Rules under section 10A of the Private Health Insurance (Risk Equalisation Levy) Act 2003.

Dated 30 March2007

TONY ABBOTT

____________________________________

Minister for Health and Ageing

Contents

1.Name of Rules

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

2.Commencement

These Rules commence:

  1. (a)

    if the Rules are registered before Schedule 1 of the amendment Act commences―at the same time as Schedule 1 of the amendment Act commences; or

  2. (b)

    if the Rules are registered on or after the day on which Schedule 1 of the amendment Act commences―on the date on which the Rules are registered,

whichever occurs first.

3.Definitions

In these rules:

Act means the Private Health Insurance (Risk Equalisation Levy) Act 2003 .

amendment Act means the Private Health Insurance (Reinsurance Trust Fund Levy) Amendment Act 2007.

quarter means the period of 3 months ending on the last day of March, June, September or December in a year.

4.Risk equalisation levy day

For the purposes of paragraph 6 (1) (a) of the Act, the 21st day of the second month of each quarter in a financial year is specified as a risk equalisation levy day for that financial 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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