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Div 149 repealed by No 87 of 2015, s 3 and Sch 1 item 65, effective 1 July 2015.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Subdiv 149-D repealed by No 87 of 2015, s 3 and Sch 1 item 65, effective 1 July 2015.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S 149-45 repealed by No 87 of 2015, s 3 and Sch 1 item 65, effective 1 July 2015.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 149-45 formerly read:

SECTION 149-45 DISTRIBUTION OF REMAINING ASSETS AFTER COMPLETION OF THE TERMINATION PROCESS  
149-45
If the termination of the funds is completed and, on the completion, there are *assets of those funds, then:
(a) if the insurer is *registered as a for profit insurer - paragraph 149-20(1)(b) ceases to apply to the insurer; or
(b) if the insurer is not registered as a for profit insurer - the insurer is liable to pay to the Council an amount equal to the value of those assets.