Notice of Variation of Licence - Ramsay Health Care Australia Pty Limited (No 30 of 2026)

Administered by Department of Employment and Workplace Relations

Legislation au C2026G00161 In force Gazette

Legislation content

Safety, Rehabilitation and Compensation Act 1988

Part VIII

Notice of Variation of Licence - Ramsay Health Care Australia Pty Limited (No 30 of 2026)

 

Background

  1.      Ramsay Health Care Australia Pty Limited, ABN 36 003 184 889 (Licensee), was declared to be eligible to be granted a licence under Part VIII of the Safety, Rehabilitation and Compensation Act 1988 (Cth) (SRC Act) by legislative instrument dated 19 March 2019.
  2.       The Safety, Rehabilitation and Compensation Commission (Commission), acting under sections 103 and 104 of the SRC Act, granted a licence to the Licensee on 12 October 2020 with a commencement date of 1 December 2020.
  3.       The Commission, acting under subsection 108D(2) of the SRC Act, varies the conditions of the licence as follows:
  1.      Condition 43B has been varied to clarify that the Licensee must not restrain any issuer of the Guarantee from paying Comcare pursuant to the Guarantee, which does not impact the Licensee’s right to seek judicial review of a decision or conduct of the Commission or Comcare.

 

  1.      The variation takes effect at the beginning of 1 April 2026 (Australian Eastern Standard Time).
  2.       The scope and conditions of the licence are as set out below.

 

Licence

Part 1 – Interpretation

Interpretation

  1.              Unless the contrary intention appears, expressions used in this instrument have the same meaning as in the SRC Act.[1]

Definitions

  1.              In this licence:
  1.            APRA means the Australian Prudential Regulation Authority;
  2.           Balance Date means the last day of the Financial Year immediately before the first Financial Year to which the Guarantee being obtained under condition 43 will relate;
  3.            Deed of Cross Guarantee means a deed of cross guarantee entered into by (among others) the Licensee which complies with all requirements of any instrument issued under the Corporations Act 2001 (Cth);
  4.           Document means document as that word is defined by section 2B of the Acts Interpretation Act 1901 (Cth);
  5.           Excess Amount has the meaning as defined in condition 55;
  6.             Financial Year means the financial year that applies to the Licensee under the Corporations Act 2001 (Cth);
  7.            Guarantee means an unconditional bank guarantee, letter of credit, unconditional payment undertaking or such other instrument issued by an entity acceptable to the Commission in accordance with this licence;
  8.           Liability Report has the meaning as defined in condition 32;
  9.              Licensee includes, where the context permits, the Claims Manager;
  10.             Outstanding Claim Liability has the meaning as defined in the Institute of Actuaries of Australia Professional Standard 302 “Valuations of General Insurance Claims”, or any standard substituted thereof;
  11.            Recommended Excess Amount has the meaning as defined in condition 34(c);
  12.              Reinsurance Policy has the meaning as defined in condition 54; and
  13.         Risk Free Rate means the rates to be used in discounting the expected future claims payments of insurance liabilities denominated in Australian currency as determined in accordance with APRA Prudential Standard GPS 340: Insurance Liability Valuation, or any standard or associated standard, substituted thereof.

Part 2 – Grant of Licence

Eligible applicant

  1.              The Licensee was declared to be eligible to be granted a licence under Part VIII of the SRC Act by legislative instrument dated 19 March 2019, registered as F2019L00402 on the Federal Register of Legislation on 26 March 2019.

Licence decisions

  1.              The Commission, acting under sections 103 and 104 of the SRC Act, granted a licence to the Licensee on 12 October 2020 for the period commencing on 1 December 2020 and ending on 30 November 2028, as notified by Notice No. 2 of 2020 in Commonwealth Gazette No. C2020G00836, published on 15 October 2020.
  2.              Following its commencement, the licence has been varied or extended by the Commission on:
  1. 29 June 2021, as notified by Notice No. 33 of 2021, in Gazette reference number C2021G00511, published on 5 July 2021;
  2.           22 March 2023, as notified by Notice No. 5 of 2023, in Gazette reference number C2023G00365, published on 24 March 2023; and
  3.            30 July 2025, as notified by Notice No. 38 of 2025, in Gazette reference number C2025G00417, published on 7 August 2025.

Period of licence

  1.              Subject to the SRC Act, this licence is for the period commencing at the beginning of 1 December 2020 (Australian Eastern Daylight Savings Time) and ending at the end of 30 November 2028 (Australian Eastern Daylight Savings Time) (Licence Period).

Part 3 – Scope of Licence

Scope of licence – acceptance of liability

  1.              The Licensee is authorised to accept liability to pay compensation and other amounts under the SRC Act in respect of all injuries, loss or damage suffered by, or in respect of the death of, any of the employees of the Licensee where such injuries, loss, damage or death occur within the Licence Period.

Scope of licence – management of claims

  1.              QBE Insurance (Australia) Limited, ABN 78 003 191 035 (Claims Manager) is authorised to manage, on behalf of the Licensee, claims under the SRC Act made by the employees of the Licensee who are covered by the scope of this licence so far as it relates to the Licensee’s acceptance of liability in accordance with clause 7 of this licence.

Part 4 – Conditions of licence

Conditions of licence

  1.              The licence is granted subject to the following conditions.

General conditions

Communication

  1.          The Licensee, when bringing employees under its self-insurance licence pursuant to any consolidation or amalgamation process, must provide information to those employees regarding the SRC Act prior to those employees becoming employees of the Licensee.
  2.          The Licensee must provide information regarding the operation of the SRC Act to all new employees as part of the Licensee’s employee induction process.

Directions of Commission

  1.          The Licensee must comply with any written directions, whether general or in respect of a particular matter or class of matters, given by the Commission generally, or to the Licensee directly, with respect to the performance by the Licensee of its functions or the exercise of its powers under the SRC Act.

Requirements

  1.          The Licensee must comply with the requirements of:

 

  1.          the SRC Act, its Regulations and any applicable guidelines issued by the Commission under section 73A of the SRC Act;
  2.           any applicable laws of the Commonwealth, States or Territories with respect to the safety, health and rehabilitation of employees, with a particular focus on the statutory requirements for genuine consultation with employees and their representatives; and
  3.            the relevant Privacy legislation.
  1.          The Licensee must have regard to guidelines issued by the Information Commissioner under the Privacy Act 1988 (Cth) and must comply with any such guidelines dealing with covert surveillance of employees.

Fees

  1.          The Licensee must pay the licence fee notified in writing to the Licensee under section 104A of the SRC Act within one month of receiving the notification.
  2.          On written request from the Commission, the Licensee must pay other fees relating to the Licensee’s operations under the SRC Act, in the amount and within the timeframe, specified by the Commission.

Manner of managing claims

  1.          In managing claims, the Licensee:
  1.          must be guided by equity, good conscience and the substantial merits of the case without regard to technicalities;
  2.         is not required to conduct a hearing; and
  3.          is not bound by the rules of evidence.

Management systems

  1.          The Licensee must co-operate with, and give reasonable assistance to, the Commission or its representatives in respect of any targeted reviews and evaluations of the Licensee to be conducted by the Commission or its representatives.
  2.          The Licensee must report to the Commission as required in accordance with the Performance Standards and Measures to demonstrate that it has maintained its Claims Management, Rehabilitation and WHS management systems, as advised to Comcare.

Reviews and proceedings

  1.          The Licensee must inform Comcare as soon as practicable of any court or tribunal proceedings in relation to a matter arising in respect of a claim managed by the Licensee under the SRC Act.
  2.          The Licensee must give to Comcare, within the timeframe specified in the request, any information or documents that Comcare requests in respect of any court or tribunal proceedings in relation to a matter arising in respect of a claim managed by the Licensee under the SRC Act.
  3.          The Licensee must not cause, or permit to be made on its behalf to a court or tribunal any submission that Comcare or the Commission requests the Licensee not to make.

Failure to comply with conditions or change in circumstances

  1.          The Licensee must notify Comcare in writing as soon as practicable of any event or likely event that is relevant to the application of the SRC Act to the Licensee, this may include but is not limited to:
  1.          the Licensee has not complied with, or is likely to fail to comply with, a condition of this licence; or
  2.         any change that may impact on the Licensee’s capacity to meet its liabilities under the SRC Act, including change to the Licensee’s underlying financial position; or
  3.          changes to its legal structure, ownership or control; or
  4.         any significant change in its employee numbers or significant change in the risk profile of the work undertaken by its employees.

Information recording, retrieval and reporting requirements

  1.          The Licensee must keep all material brought into existence in connection with the Licensee’s operations under this Licence and the SRC Act, including but not limited to, all files, correspondence, data, manuals, policies, records, reports, opinions, audits, receipts and other information identified by the Commission from time to time as relevant to the operation of the Licence.

24.A This information may be requested in writing by the Commission with at least 14 days’ notice.

24.B The Licensee is to ensure the information is maintained in a form accessible by the Commission or Comcare for a period of at least seven years.

Claims Manager

  1.          The Licensee is authorised to manage claims and is responsible for ensuring the Claims Manager complies with the relevant conditions of this licence.
  2.          The Licensee must enter into and maintain a written contract with the Claims Manager and give a copy of the contract to the Commission if requested.
  3.          The Licensee must ensure that each of the obligations imposed by this licence on the Claims Manager are included in the contract between the Licensee and the Claims Manager and that the Claims Manager warrants, under the contract, to comply with the conditions imposed by this licence.
  4.          In addition to other conditions in this licence which are applicable to the Claims Manager, the Claims Manager must:
  1.          not do, or omit to do, anything which would put the Licensee in breach of any term or condition of this licence;
  2.         not undertake, or cause to be undertaken, any surveillance of an employee, unless it has the prior written approval of the Licensee;
  3.          implement appropriate structures and mechanisms to ensure the consistent application of policy and procedures in respect of the management of claims;
  4.         when requested in writing by the Commission to provide information to it, to provide the information to the Commission in the timeframe specified in the request;
  5.          provide the Commission or its representative with unrestricted access to documents and records in the possession or control of the Claims Manager in so far as the documents relate to matters arising under the SRC Act; and
  6.           inform the Licensee as soon as practicable after it becomes aware that the Claims Manager has done or omitted to do something which has the effect that the Licensee is, or is likely to be, in breach of a term or condition of this licence.
  1.          The Licensee must be accountable for all claims management policies issued by the Claims Manager and the recording and forwarding of claims management data to Comcare as requested.
  2.          The Licensee must notify the Commission in writing as soon as practicable after it becomes aware that the Claims Manager has done, or omitted to do, something which has the effect that the Licensee is, or is likely to be, in breach of a term or condition of this licence.

Performance conditions

  1.          The Licensee must comply with the Performance Standards and Measures approved by the Commission from time to time.

Prudential conditions

Liability report

  1.          The Licensee must commission a written report (Liability Report) in respect of each Financial Year and calculated as at the end of that Financial Year.
  2.          The Liability Report must:
  1.          be prepared by a Fellow of the Institute of Actuaries of Australia (IAA), or any body substituted thereof, with at least five years’ post-qualification experience as an actuary in general insurance;
  2.         be prepared by an actuary who is not an employee or a partner of the organisation which provides financial audit services to the Licensee or who in any way has a material financial dependence on the auditor;
  3.          be prepared drawing on any available expert advice and substantially using IAA Professional Standard 302 “Valuations of General Insurance Claims”, or any standard substituted thereof, as the basis of estimation, with any departure from this standard to be highlighted in the report;
  4.         be prepared using the Risk Free Rate in discounting the expected future claims payments of insurance liabilities;
  5.          be addressed by the actuary to the Commission; and
  6.           be provided by the Licensee to the Commission within 131 days of the end of the Financial Year to which it relates.

Note: If the actuary determines the Risk Free Rate using instruments other than Commonwealth Government Securities that relate to the term of the future claim liability cash flows of the Licensee, the actuary must justify the reason for doing so in the Liability Report.

  1.          The Liability Report must:
  1.          estimate the Outstanding Claim Liability of the Licensee to pay compensation and other amounts under the SRC Act in accordance with the scope of this licence as follows:
  1.                   contain a recommendation for the level of provisions in the Licensee’s accounts which must be made to at least the net unbiased estimate of the mean (statistical expectation) of the Outstanding Claim Liability; and
  2.                 contain a valuation of current Outstanding Claim Liability and the projected Outstanding Claim Liability in 12/18/24* months’ time;

*Note: 12 months for Licensees in the 6th or more year of licence; 18 months for Licensees in the 4th-5th year of licence; 24 months for Licensees in the 1st-3rd year of licence;

  1.         contain a breakdown of the current and non-current liability components of the Licensee’s Outstanding Claim Liability as estimated in accordance with condition 34(a);
  2.          contain a recommendation of the maximum reinsurance policy retention amount (Recommended Excess Amount) referred to in the “Reinsurance” conditions section;
  3.         make an assessment of the financial capacity of the Licensee to meet amounts, from the balance sheet, up to the Recommended Excess Amount;
  4.          describe the arrangements for compliance with the “Reinsurance” conditions and provide an assessment by the actuary of whether the arrangements are appropriate to meet the Licensee’s obligation under condition 54; and
  5.           contain the calculations used to determine the required amount of the Guarantee pursuant to conditions 49 and 50.
  1.          The Commission may at its discretion submit a Liability Report to a peer review process.
  2.          After receiving a peer review assessment of a Liability Report, the Commission may by written notice to the Licensee require a Second Liability Report by an actuary approved by the Commission.
  3.          If any of the changes in circumstances outlined in condition 23(b), (c) or (d) occur, the Commission may, by written notice to the Licensee, require the Licensee to obtain an Updated Liability Report that is to be prepared in accordance with conditions 32 to 34.
  4.          The Commission may direct the date for provision of a Second Liability Report and/or an Updated Liability Report.
  5.          Unless the Commission directs otherwise, the Licensee must pay for a Second Liability Report and/or an Updated Liability Report.
  6.          If the Commission receives a Second Liability Report or an Updated Liability Report, it (or, where the Commission receives both a Second Liability Report and an Updated Liability Report, the most recent of these reports) replaces the original Liability Report and:
  1.          references in this licence to the Liability Report are to be construed as references to the Second Liability Report or the Updated Liability Report (whichever is applicable); and
  2.         references in this licence to the actuary who prepares the Liability Report are to be construed as references to the actuary who prepares the Second Liability Report or the Updated Liability Report (whichever is applicable).

Yearly Accounts

  1.          The Licensee must:
  1.          lodge with the Commission a copy of:
  1.                   any report that it is required to prepare or obtain for a Financial Year under Division 1 of Part 2M.3 of the Corporations Act 2001 (Cth) within 131 days of the end of that Financial Year;
  2.                 any periodic financial information regarding the affairs of the Licensee for a Financial Year that it is required to give to any financial market as defined in the Corporations Act 2001 (Cth) (for example, in respect of the Australian Stock Exchange this would be information that must be given under Listing Rule 4.3B) within 131 days of the end of that Financial Year.  For the avoidance of doubt this condition does not require the Licensee to provide information that is released to the financial market pursuant to the Licensee's continuous disclosure obligations;
  3.               if the Licensee is not required to report in accordance with Division 1 of Part 2M.3 of the Corporations Act 2001 (Cth) because its parent company is required to report in accordance with Division 1 of Part 2M.3 of the Corporations Act 2001 (Cth), then the Licensee must provide any report that the parent company is required to prepare or obtain for a Financial Year under Division 1 of Part 2M.3 of the Corporations Act 2001 (Cth) within 131 days of the end of that Financial Year;
  4.               if the Licensee (or its parent company) is not required to report in accordance with Division 1 of Part 2M.3 of the Corporations Act 2001 (Cth) and the parent company is a company not subject to the laws of Australia then the Licensee’s parent company must prepare a financial report and directors’ report as if it was required to comply with Division 1 of Part 2M.3 of the Corporations Act 2001 (Cth), including having that report audited in accordance with that Part, and must give the report to the Commission within 131 days of the end of the Financial Year; and
  1.         include, and identify, in any report or information referred to in condition 41(a), provision for meeting the Licensee’s Outstanding Claim Liability (current and non-current) under the SRC Act in accordance with the scope of this licence as at the end of the Financial Year to which the report or information relates.
  1.          The Licensee must ensure that:
  1.          the provision mentioned in condition 41(b) is consistent with the written evaluation in the Liability Report of the Licensee’s Outstanding Claim Liability (current and non-current) for the Financial Year; and
  2.         any apparent discrepancies in the provision mentioned in condition 41(b) and the written evaluation in the Liability Report of the Licensee’s Outstanding Claim Liability (current and non-current) for the Financial Year are explained in the notes section of the financial report or information in which the provision mentioned in condition 41(b) is included and identified.

Guarantee

  1.          The Licensee must at all times have in place a Guarantee for the due discharge of its liability to pay compensation and other amounts under the SRC Act in accordance with the scope of this licence unless:
  1.          the Commission determines that the Licensee is currently a low-risk licensee;
  2.         the current required Guarantee amount for the Licensee (as calculated under conditions 49 and 50) is less than $300,000*; and
  3.          Ramsay Health Care Limited, ABN 57 001 288 768, has an issuer credit rating of or equivalent to a Standard and Poor’s AA- or better.

* Note: The $300,000 value is subject to indexation (based on CPI) annually.

43A. The Commission may call up the Guarantee where it considers it is necessary to achieve the objects of the SRC Act, including but not limited to, if:

(a)         the Licensee is in breach of any of its obligations under this Licence; or

(b) any money is owing by the Licensee under the SRC Act (including compensation and other amounts under the SRC Act) is due and unpaid; or

(c) the Commission holds reasonable concerns about the solvency or financial affairs of the Licensee or its ability to comply with its obligations under this Licence or the SRC Act.

 

43B. The Licensee must not take any steps to injunct or otherwise restrain any issuer of the Guarantee from paying Comcare pursuant to the Guarantee.

 

Note 1: Condition 43B does not limit the licensee’s rights to seek judicial review of a decision or conduct of the Commission or Comcare.


Note 2: Under section 30 of the Safety, Rehabilitation and Compensation Regulations 2019, Comcare can only use guarantee money after the Commission has revoked the licence and the licensee has become a ‘former licensed corporation’. Therefore, the Commission will revoke the licence in accordance with the requirements of the SRC Act before making a demand for payment under a bank guarantee.

 

  1.          Subject to the exceptions in conditions 45 and 6, if the Licensee is required to obtain a Guarantee under condition 43 it must obtain a new Guarantee under that condition each Financial Year.
  2.          If the Commission determines that the Licensee is a low-risk licensee for a Financial Year, the Licensee is not required to obtain a new Guarantee under condition 43 that Financial Year unless:
  1.          the required Guarantee amount for the Licensee for that Financial Year (as calculated under conditions 49 and 50) increases by $500,000* or more from the required Guarantee amount for the Licensee for the Financial Year in which it obtained its existing Guarantee under condition 43 (as calculated under conditions 49 and 50); or
  2.         5 years have elapsed since the Licensee last obtained a new Guarantee under condition 43.

* Note: The $500,000 value is subject to indexation (based on CPI) annually.

  1.          The Licensee is not required to obtain a new Guarantee under condition 43 for a Financial Year if the required Guarantee amount for the Licensee for that Financial Year (as calculated under conditions 49 and 50) is less than or equal to the Guarantee amount of the Licensee’s existing Guarantee under condition 43.
  2.          The Guarantee obtained under condition 43 must be:
  1.          in the form and subject to the terms agreed in writing by the Commission; and
  2.         for an amount calculated by the actuary in accordance with the “Guarantee” conditions (conditions 43 to 53 inclusive) and specified in the Liability Report for that Financial Year; and
  3.          obtained from a corporation that is authorised by APRA to carry on:
  1.                   banking business in Australia under the Banking Act 1959 (Cth) and has an issuer credit rating of or equivalent to a Standard and Poor’s AA- or better; or
  2.                 insurance business in Australia under the Insurance Act 1973 (Cth) and has an issuer credit rating of or equivalent to a Standard and Poor’s AA- or better and a financial strength rating of or equivalent to a Standard and Poor’s AA- or better.
  1.          The Licensee must provide the original of the Guarantee to the Commission within 170 days of the start of the first Financial Year to which the Guarantee relates.
  2.          The Guarantee must be for an amount calculated by the actuary as the greater of:
  1.          the 95th percentile of the Licensee’s Outstanding Claim Liability under the SRC Act in accordance with the scope of this licence at the Balance Date and the addition of the Excess Amount; or
  2.         the 95th percentile of the Licensee’s projected Outstanding Claim Liability under the SRC Act in accordance with the scope of this licence in 12/18/24 months* time from the Balance Date and the addition of the Excess Amount.

*Note: 12 months for Licensees in the 6th or more year of licence; 18 months for Licensees in the 4th-5th year of licence; 24 months for Licensees in the 1st-3rd year of licence.

Note: The liability calculations under condition 49 are to include an allowance for the cost of administering claims under this licence and be calculated net of reinsurance recoveries.

  1.          In calculating the amount of the Guarantee, the Licensee must direct the actuary to:
  1.          calculate existing and projected estimates of the Licensee’s Outstanding Claim Liability under the SRC Act in accordance with the scope of this licence to the 95th percentile and to include this result in the Liability Report; and
  2.         base the calculation on a full statistical analysis of data, trends and variability and according to any relevant IAA standards and guidelines on liability valuation for general insurance.
  1.          If the Licensee obtained a Guarantee under condition 43, the Licensee may at any time provide to the Commission a new Guarantee obtained under condition 43 that, if prepared in accordance with conditions 47, 49 and 50, will replace the existing Guarantee obtained under condition 43.
  2.          If the Commission identifies a financial risk with respect to the suitability of the financial institution from which the Licensee has obtained its current Guarantee under condition 43 and requests, after consulting with the Licensee, that the Licensee obtain a new Guarantee under condition 43, the Licensee must:
  1.          comply with this request within 3 months or, if applicable, an alternative timeframe specified in the request; and
  2.         ensure that the new Guarantee is prepared in accordance with conditions 47, 49 and 50.
  1.          If the guarantor under a Guarantee obtained by the Licensee under condition 43 discharges its financial obligation under that Guarantee by making payment to Comcare of its total liability or amounts which when aggregated equal its total liability, Comcare must return that Guarantee to the guarantor.

Reinsurance

  1.          The Licensee must maintain an appropriate level of reinsurance to limit its liability to pay compensation and other amounts under the SRC Act in accordance with the scope of this licence from an insurance company that is authorised by APRA to carry on insurance business under the Insurance Act 1973 (Cth) (Reinsurance Policy).
  2.          The excess of loss amount applicable under the Reinsurance Policy for any single event (Excess Amount) must not, unless the Commission directs otherwise, be higher than the Recommended Excess Amount.
  3.          The Licensee must:
  1.          if an amended reinsurance policy or a reinsurance policy from a new provider is obtained under condition 54, provide a copy of that reinsurance policy to the actuary and the Commission within 130 days of the start of the first Financial Year to which that reinsurance policy relates;
  2.         provide a copy of the current certificate of currency for the Reinsurance Policy to the Commission within 130 days of the start of the first Financial Year to which the certificate of currency relates;
  3.          notify the Commission of any increases to the Excess Amount in the Reinsurance Policy; and
  4.         only obtain a reinsurance policy under condition 54 with an excess of loss amount that exceeds the Recommended Excess Amount if the Commission provides prior approval.

Deed of Cross Guarantee

  1.          The Licensee:
  1.          must at all times be a party to the Deed of Cross Guarantee in accordance with conditions 57 to 59 of this licence; and
  2.         must not engage in any act or omission that may compromise the enforceability of the Deed of Cross Guarantee.
  1.          In this licence a reference to the Deed of Cross Guarantee is a reference to:
  1.          the Deed of Cross Guarantee, made on 22 June 2006, as amended or varied from time to time in accordance with its terms, to which the following were parties at the date of execution:
  1.                         Ramsay Health Care Limited, ACN 001 288 768;
  2.                       RHC Nominees Pty Limited, ACN 080 139 555;
  3.                     RHC Developments Pty Limited, ACN 080 139 537;
  4.                     Ramsay Health Care Investments Pty Limited, ACN 078 881 473;
  5.                       Ramsay Hospital Holdings Pty Ltd, ACN 062 117 944;
  6.                     Ramsay Hospital Holdings (Queensland) Pty Limited, ACN 065 997 588;
  7.                    Ramsay Aged Care Holdings Pty Limited, ACN 089 411 192;
  8.                  Ramsay Aged Care Properties Pty Limited, ACN 105 905 780;
  9.                      Ramsay Finance Pty Limited, ACN 113 731 383;
  10.                       RHC Ancillary Services Pty Limited, ACN 117 371 614;
  11.                      Ramsay Health Care Australia Pty Limited, ACN 003 184 889;
  12.                    Ramsay Professional Services Pty Limited, ACN 000 997 615;
  13.                  Phiroan Pty Ltd, ACN 000 841 056;
  14.                  New Farm Hospitals Pty Ltd, ACN 010 219 628;
  15.                    Ramsay Health Care (Victoria) Pty Ltd, ACN 006 794 681;
  16.                  Adelaide Clinic Holdings Pty Ltd, ACN 007 988 758;
  17.                Ramsay Health Care (South Australia) Pty Limited, ACN 007 985 408;
  18.              North Shore Private Hospital Pty Limited, ACN 059 183 596;
  19.                  E Hospital Pty Limited, ACN 091 550 480;
  20.                    Ramsay Health Care Services (QLD) Pty Limited, ACN 105 905 806;
  21.                  Ramsay Health Care Services (VIC) Pty Limited, ACN 105 905 824;
  22.                Ramsay Health Care Services (WA) Pty Limited, ACN 105 905 860;
  23.              Ramsay Health Care (Asia Pacific) Pty Limited, ACN 067 447 250;
  24.              Ramsay Centauri Pty Limited, ACN 096 070 156;
  25.                Alpha Healthcare Pty Limited, ACN 000 727 882;
  26.              Alpha Pacific Hospitals Pty Ltd, ACN 002 907 799;
  27.            APL Hospital Holdings Pty Ltd, ACN 009 637 781;
  28.           Health Care Corporation Pty Ltd, ACN 000 392 101;
  29.              Herglen Pty Ltd, ACN 003 310 969;
  30.                Illawarra Private Hospital Holdings Pty Ltd, ACN 001 097 150;
  31.              Mt Wilga Pty Limited, ACN 003 222 080;
  32.             Northern Private Hospital Pty Limited, ACN 000 113 762;
  33.           Sibdeal Pty Limited, ACN 003 573 377;
  34.           Simpak Services Pty Limited, ACN 003 498 182;
  35.             Westmead Medical Supplies Pty Limited, ACN 081 205 334;
  36.           Workright Pty Limited, ACN 074 237 255;
  37.         Benchmark Healthcare Holdings Pty Limited, ACN 084 168 276;
  38.       Benchmark Healthcare Pty Ltd, ACN 058 174 619;
  39.           Donvale Private Hospital Pty Ltd, ACN 005 390 750;
  40.                      The Benchmark Hospital Group Pty Ltd, ACN 005 437 169;
  41.                    Dandenong Valley Private Hospital Pty Ltd, ACN 006 104 794;
  42.                  Benchmark - Surrey Pty Ltd, ACN 006 216 048;
  43.                Benchmark-Peninsula Pty Ltd, ACN 006 918 163;
  44.                Benchmark-Donvale Pty Ltd, ACN 062 171 224;
  45.                  Benchmark-Windermere Pty Ltd, ACN 062 171 199;
  46.                Benchmark - Beleura Pty Ltd, ACN 006 511 084;
  47.              Beleura Properties Pty Ltd, ACN 006 511 100;
  48.            AHH Holdings Health Care Pty Limited, ACN 115 549 169;
  49.                AH Holdings Health Care Pty Limited, ACN 115 549 230;
  50.                         Affinity Health Care Holdings Pty Limited, ACN 114 767 403;
  51.                       Affinity Health Holdings Australia Pty Limited, ACN 106 992 349;
  52.                     Affinity Health Finance Australia Pty Limited, ACN 107 039 341;
  53.                   Affinity Health Pty Limited, ACN 106 722 347;
  54.                    Affinity Health (FP) Pty Limited, ACN 106 723 228;
  55.                     Affinity Health Foundation Pty Ltd, ACN 110 443 617;
  56.                    Affinity Health Holdings Indonesia Pty Ltd, ACN 113 343 721;
  57.                  AHC Foundation Pty Limited, ACN 072 208 443;
  58.                AHC Tilbox Pty Limited, ACN 070 075 437;
  59.                    AME Hospitals Pty Ltd, ACN 054 813 991;
  60.                      AME Properties Pty Ltd, ACN 008 897 783;
  61.                    AME Superannuation Pty Ltd, ACN 009 322 463;
  62.                  AMNL Pty Limited, ACN 081 051 676;
  63.                Armidale Hospital Pty Limited, ACN 106 723 200;
  64.                Attadale Hospital Property Pty Ltd, ACN 008 756 894;
  65.                  Australian Hospital Care (Allamanda) Pty Ltd, ACN 075 580 013;
  66.                Australian Hospital Care (Latrobe) Pty Ltd, ACN 067 618 562;
  67.              Australian Hospital Care (Masada) Pty Ltd, ACN 005 014 460;
  68.            Australian Hospital Care (MPH) Pty Ltd, ACN 076 204 012;
  69.                Australian Hospital Care (MSH) Pty Ltd, ACN 005 489 752;
  70.                  Australian Hospital Care (Pindara) Pty Ltd, ACN 005 288 095;
  71.                Australian Hospital Care (The Avenue) Pty Ltd, ACN 072 759 338;
  72.              Australian Hospital Care 1988 Pty Ltd, ACN 006 967 193;
  73.            Australian Hospital Care Investments Pty Ltd, ACN 004 699 003;
  74.            Australian Hospital Care Pty Limited, ACN 072 273 931;
  75.              Australian Medical Enterprises Pty Limited, ACN 053 639 160;
  76.            Australian Hospital Care Retirement Plan Pty Ltd, ACN 065 515 880;
  77.           C&P Hospital Holdings Pty Ltd, ACN 106 722 570;
  78.         C.R.P.H Pty Limited, ACN 001 062 415;
  79.             Caboolture Hospital Pty Limited, ACN 106 723 219;
  80.              Dabuvu Pty Ltd, ACN 003 064 355;
  81.             Glengarry Hospital Property Pty Ltd, ACN 008 804 859;
  82.           Hadassah Pty Ltd, ACN 050 124 411;
  83.         Health Technologies Pty Ltd, ACN 007 422 906;
  84.         HOAIF Pty Limited, ACN 088 128 750;
  85.           Hospital Affiliates of Australia Pty Ltd, ACN 001 679 536;
  86.         Hospital Corporation Australia Pty Ltd, ACN 000 935 946;
  87.       Hallcraft Pty Limited, ACN 008 802 266;
  88.     HCA Management Pty Limited, ACN 003 058 606;
  89.         HCoA Hospital Holdings (Australia) Pty Limited, ACN 079 097 528;
  90.                    HCoA Operations (Australia) Pty Limited, ACN 083 035 661;
  91.                  Hospital Developments Pty Ltd, ACN 001 270 337;
  92.                Hospitals of Australia Pty Limited, ACN 002 988 696;
  93.              Jamison Private Hospital Property Pty Ltd, ACN 000 520 641;
  94.              Logan Hospital Pty Limited, ACN 106 723 406;
  95.                Malahini Pty Ltd, ACN 005 323 231;
  96.              Mayne Properties Pty Ltd, ACN 080 971 026;
  97.             Noosa Privatised Hospital Pty Limited, ACN 106 723 380;
  98.           P.M.P.H Pty Limited, ACN 001 606 855;
  99.               Port Macquarie Hospital Pty Limited, ACN 106 723 399;
  100.                        Pruinosa Pty Ltd, ACN 003 161 699;
  101.                      Rannes Pty Limited, ACN 009 642 808;
  102.                    Rehabilitation Holdings Pty Ltd, ACN 069 962 689;
  103.                  Relkban Pty Limited, ACN 009 634 931;
  104.                  Relkmet Pty Limited, ACN 009 634 904;
  105.                    Tilemo Pty Ltd, ACN 003 041 405;
  106.                  Victoria House Holdings Pty Ltd, ACN 062 450 131;
  107.                Votraint No. 664 Pty Limited, ACN 052 336 633; and
  108.              Votraint No. 665 Pty Limited, ACN 052 336 697; or
  1.         where the Commission, in its absolute discretion, notifies the Licensee in writing that another, alternative, Deed of Guarantee will satisfy the requirements of conditions 57 to 59 of this licence, that Deed.
  1.          In relation to the Deed of Cross Guarantee referred to in condition 57 above the Licensee must:
  1.          be a party to that Deed for at least seven (7) years following the Licence Period, as varied from time to time;
  2.         if that Deed is amended or varied, including if:
  1.                   another entity becomes a party to that Deed; or
  2.                 a party to that Deed ceases to be a party,

provide a copy of the document amending or varying that Deed to the Commission within 30 days of the amendment or variation; and

  1.          notify the Commission within 7 days if:
  1.                   the Australian Securities and Investments Commission informally or formally raises any issues in relation to that Deed; or
  2.                 the Licensee becomes aware of any reason why a creditor of the Licensee may not be able to enforce that Deed.

 

Dated the 22nd day of March 2026.

 

 

 

 

David Oliver

Chairperson

Safety, Rehabilitation and Compensation Commission

[1] For the purposes of this licence, the definition of claim prescribed by section 99 of the SRC Act applies.

Interactions

Authorises

All Versions

Sourced from the Federal Register of Legislation at 26 August 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au.