Private Health Insurance Act 2007

Ch 4 heading substituted by No 87 of 2015, s 3 and Sch 1 item 54, effective 1 July 2015. For transitional provisions, see note under s 3-15 . The heading formerly read:

CHAPTER 4 - PRIVATE HEALTH INSURERS

Div 137 repealed by No 87 of 2015, s 3 and Sch 1 item 65, effective 1 July 2015. For transitional provisions, see note under s 3-15 .

S 137-20 repealed by No 87 of 2015, s 3 and Sch 1 item 65, effective 1 July 2015. For transitional provisions, see note under s 3-15 . S 137-20 formerly read:

SECTION 137-20 INVESTMENT OF HEALTH BENEFITS FUNDS  
137-20(1)
A private health insurer may invest *assets of a *health benefits fund in any way that is likely to further the business of the fund.

137-20(2)
However:
(a) nothing in this Act authorises a private health insurer to make an investment the insurer would otherwise be prohibited from making; and
(b) nothing in this Act authorises a private health insurer to make an investment the insurer would not otherwise have power to make; and
(c) a private health insurer must not invest *assets of a *health benefits fund, or keep such assets invested, if the investment, or the retention of the investment, as the case requires, is prohibited by the Private Health Insurance (Health Benefits Fund Administration) Rules.

137-20(3)
A transaction is not ineffective merely because it involves a contravention of paragraph (2)(c).