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

Subdiv 23-A substituted by No 26 of 2012, s 3 and Sch 1 item 11, applicable in relation to premiums, and amounts in respect of premiums, paid on and after 1 July 2012.

S 23-5 repealed by No 26 of 2012, s 3 and Sch 1 item 11, applicable in relation to premiums, and amounts in respect of premiums, paid on and after 1 July 2012. S 23-5 formerly read:

SECTION 23-5 MEANING OF INCENTIVE AMOUNT  
23-5(1)
The incentive amount for a *complying health insurance policy for a financial year is the amount worked out under this table:

Incentive amount
Item	Number and kinds of people covered by the policy	Policy covers *hospital treatment but not *general treatment	Policy covers *general treatment but not *hospital treatment	Policy covers *hospital treatment and *general treatment
1	3 or more people	$350	$100	$450
2	One *dependent child and one other person	$350	$100	$450
3	2 people neither of whom is a *dependent child	$200	$50	$250
4	One person	$100	$25	$125

23-5(2)
If the amount of premiums is payable in respect of only part of a financial year, the incentive amount is worked out using this formula:

Amount worked out under subsection (1)	×	Number of days in that part of the financial year
		365