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Div 149 repealed by No 87 of 2015, s 3 and Sch 1 item 65, effective 1 July 2015.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 .

Subdiv 149-D repealed by No 87 of 2015, s 3 and Sch 1 item 65, effective 1 July 2015.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S 149-40 repealed by No 87 of 2015, s 3 and Sch 1 item 65, effective 1 July 2015.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 149-40 formerly read:

SECTION 149-40 COMPLETION OF THE TERMINATION PROCESS  
149-40
The termination of the *health benefits funds of a private health insurer is completed if:
(a) the period of 12 months referred to in subsection 149-20(4) has come to an end; and
(b) so far as possible having regard to the extent of the *assets of the funds:

(i) the liabilities of the funds to the *policy holders of the funds have been discharged; and

(ii) any amounts of *collapsed insurer levy that the Council has paid, for the purposes of any of the funds, to the insurer or to the person appointed to administer the termination of the funds have been repaid to the Council; and

(iii) any other liabilities of the funds have been discharged.