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

PART 4 - TRANSITIONAL PROVISIONS RELATING TO CHAPTER 4 OF THE NEW ACT  

Division 2 - Registration  

SECTION 18   REGISTERED ORGANIZATIONS TAKEN TO BE PRIVATE HEALTH INSURERS  

(1)    
An organisation that was a registered organization immediately before the commencement time is taken, for the purposes of the new Act, to be a private health insurer.

(2)    
However, subsection (1) ceases to apply to the organisation:

(a) if the organisation is registered under Part 4-3 of the new Act; or

(b) on 1 July 2008;

whichever happens first.

(3)    
To avoid doubt, section 126-45 of the new Act applies to the organisation in the same way as it applies to a body that is registered under Part 4-3 of the new Act.