PRIVATE HEALTH INSURANCE INCENTIVES ACT 1997

***** Repealed 1 July 2000 *****

PART 2 - THE INCENTIVES SCHEME

Division 5 - What effect does the scheme have on insurance premiums?

SECTION 5-3   ANNUAL INCENTIVE AMOUNTS  

5-3(1)  [Components of incentive amounts]  

The annual incentive amount for a private health insurance policy is:

(a)  the amount set out in the following table; or

(b)  such other amount as is determined in writing by the Minister.

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Annual Incentive Amounts 
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                                       Policy           Policy       
                                       provides         provides     
       Number and           Policy     hospital         ancillary    
       kind of persons      provides   cover but not    cover but not
       covered by the       combined   ancillary        hospital     
Item   policy               cover      cover            cover        
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1      Policy covers 3      $450       $350             $100         
       or more people                                                
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2      Policy covers one    $450       $350             $100         
       dependent child                                               
       and one other                                                 
       person                                                        
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3      Policy covers 2      $250       $200             $50          
       people neither                                                
       of whom are                                                   
       dependent                                                     
       children                                                      
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4      Policy covers one    $125       $100             $25          
       person                                                        
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Note:

For combined cover , hospital cover and ancillary cover , see section 3-2.

5-3(2)  [Disallowable instruments]  

Determinations under paragraph (1)(b) are disallowable instruments for the purposes of section 46A of the Acts Interpretation Act 1901.