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 49   APPLICATIONS TO BECOME A PARTICIPATING INSURER BEFORE 1 JULY 2007  

(1)    
For the purposes of an application made under section 14-10 of the Private Health Insurance Incentives Act 1998 on or after the commencement time, paragraph 14-10(1)(c) is taken to refer to the chief executive officer of the applicant private health insurer.

(2)    
If:

(a) before 1 July 2007, a private health insurer had applied to become a participating fund for the purposes of the Private Health Insurance Incentives Act 1998 ; and

(b) immediately before 1 July 2007, the Minister had neither approved nor rejected the application;

the Minister may treat the application as if it were an application made under section 279-5 of the new Act.