PRIVATE HEALTH INSURANCE (TRANSITIONAL PROVISIONS AND CONSEQUENTIAL AMENDMENTS) ACT 2007

PART 6 - TRANSITIONAL PROVISIONS RELATING TO CHAPTER 6 OF THE NEW ACT  

Division 3 - Administration of premiums reduction and incentive payment scheme  

SECTION 48   TRANSITION TO PARTICIPATING INSURER UNDER THE NEW ACT  

(1)    
A private health insurer may apply under the new Act to become a participating insurer for the purposes of that Act on or after 1 July 2007. Note:

Before 1 July 2007, applications may still be made under the Private Health Insurance Incentives Act 1998 .

(2)    
If, immediately before 1 July 2007, a private health insurer was a participating fund for the purposes of the Private Health Insurance Incentives Act 1998 , that insurer is taken to be a participating insurer for the purposes of Part 2-2 and Part 6-4 of the new Act.

(3)    
Subsection (2) does not prevent the Minister revoking the insurer ' s status as a participating insurer under section 206-1 of the new Act.