CHAPTER 2
-
INCENTIVES
PART 2-2
-
PREMIUMS REDUCTION SCHEME
History
Pt 2-2 heading substituted by No 105 of 2013, s 3 and Sch 2 item 3, effective 1 July 2013. The heading formerly read:
PART 2-2
-
PREMIUMS REDUCTION AND INCENTIVE PAYMENTS SCHEMES
Division 22
-
PHIIB, PHII benefit and related concepts
History
Div 22 inserted by No 26 of 2012, s 3 and Sch 1 item 10, applicable in relation to premiums, and amounts in respect of premiums, paid on and after 1 July 2012.
Subdivision 22-A
-
PHIIB, PHII benefit and related concepts
History
Subdiv 22-A inserted by No 26 of 2012, s 3 and Sch 1 item 10, applicable in relation to premiums, and amounts in respect of premiums, paid on and after 1 July 2012.
SECTION 22-20
22-20
MEANING OF SHARE OF THE PHII BENEFIT
-
MULTIPLE PHIIBS
If there is more than one
[*]
To find definitions of asterisked terms, see the Dictionary in Schedule
1
.
PHIIB in respect of the premium or amount, work out in accordance with section
22-15
the amount of each of those PHIIB
'
s
share of the PHII benefit
, in respect of the premium or amount, on the following assumptions:
(a)
assume that the PHIIB is the only person who is a PHIIB in respect of the premium or amount;
(b)
assume that the premium or amount is the amount of the premium (or the amount in respect of the premium) divided by the number of persons who are PHIIBs in respect of the premium or amount.
History
S 22-20 inserted by No 26 of 2012, s 3 and Sch 1 item 10, applicable in relation to premiums, and amounts in respect of premiums, paid on and after 1 July 2012.