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Div 140 repealed by No 87 of 2015, s 3 and Sch 1 item 65, effective 1 July 2015.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S 140-5 repealed by No 87 of 2015, s 3 and Sch 1 item 65, effective 1 July 2015.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 140-5 formerly read:

SECTION 140-5 COUNCIL TO ESTABLISH SOLVENCY STANDARD  
140-5(1)
The Private Health Insurance (Health Benefits Fund Administration) Rules may establish a solvency standard for the purposes of this Division.

140-5(2)
The *solvency standard may be expressed:
(a) to set different standards of solvency:

(i) for *health benefits funds conducted by different private health insurers; or

(ii) for different classes of health benefits funds; or

(b) to apply to a health benefits fund only in circumstances specified in the standard.