Private Health Insurance Act 2007

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

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.

Subdiv 22-C repealed by No 26 of 2014, s 3 and Sch 1 item 3, effective 9 April 2014.

Subdiv 22-C inserted by No 106 of 2013, s 3 and Sch 1 item 4, effective 29 June 2013.

S 22-50 repealed by No 26 of 2014, s 3 and Sch 1 item 3, effective 9 April 2014. S 22-50 formerly read:

SECTION 22-50 MEANING OF BASE PREMIUM  
Product subgroups available on or before 1 April 2013

22-50(1)
The base premium for a *product subgroup that was first made available on or before 1 April 2013 is the premium (expressed as an amount per day) charged under policies belonging to the product subgroup on that day (taking into account any change in the premium under section 66-10 that took effect on that day).

22-50(2)
A *base premium referred to in subsection (1) is indexed on 1 April 2014, and 1 April in each later year.

Note:

Section 22-55 shows how to index a base premium.

Product subgroups that become available after 1 April 2013

22-50(3)
The base premium for a *product subgroup that is first made available after 1 April 2013 is the premium (expressed as an amount per day) charged under a policy belonging to the subgroup when the subgroup is first made available, multiplied by the *weighted average ratio for the subgroup.

22-50(4)
A *base premium for a *product subgroup referred to in subsection (3) is indexed on each 1 April after the subgroup is first made available.

Note:

Section 22-55 shows how to index a base premium.

Weighted average ratio

22-50(5)
The weighted average ratio for a *product subgroup is to be determined in accordance with the Private Health Insurance (Incentives) Rules.

22-50(6)
Without limiting subsection (5), the Private Health Insurance (Incentives) Rules may:
(a) provide for the *weighted average ratio for different classes of *product subgroups to be determined in different ways; and
(b) provide for the Council to have a role in determining the weighted average ratio for a product subgroup; and
(c) require a private health insurer to give the Council information relevant to determining the weighted average ratio for a product subgroup.

Disregard certain changes in premiums

22-50(7)
For the purposes of subsections (1) and (3), disregard any change in a premium resulting from:
(a) the application of Division 23 (premiums reduction scheme); or
(b) the application of Part 2-3 (lifetime health cover); or
(c) any discounts allowed under subsection 66-5(2).

S 22-50 inserted by No 106 of 2013, s 3 and Sch 1 item 4, effective 29 June 2013.