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Div 137 repealed by No 87 of 2015, s 3 and Sch 1 item 65, effective 1 July 2015.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S 137-5 repealed by No 87 of 2015, s 3 and Sch 1 item 65, effective 1 July 2015.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 137-5 formerly read:

SECTION 137-5 PAYMENTS TO HEALTH BENEFITS FUNDS  
137-5(1)
A private health insurer must credit the following amounts to a *health benefits fund:
(a) premiums payable under policies of insurance that are *referable to the fund;
(b) amounts paid to the insurer in relation to a liability under Division 152 in relation to the fund;
(c) income from the investment of *assets of the fund;
(d) money paid to or by the insurer under a judgment of a court relating to any matter concerning the business of the fund or any failure to comply with this Part in relation to the fund;
(e) any other money received by the insurer in connection with its conduct of the business of the fund;
(f) any other amounts that the Private Health Insurance (Health Benefits Fund Policy) Rules specify.

137-5(2)
This Act does not prevent a private health insurer from *making a capital payment to a *health benefits fund.

137-5(3)
A private health insurer makes a capital payment to a *health benefits fund if it credits to the fund an amount that:
(a) is not required to be credited to the fund under subsection (1); and
(b) either:

(i) does not represent any part of the *assets of another health benefits fund; or

(ii) is credited to the fund with the Council ' s written approval.