Private Health Insurance Act 2007

Pt 5-3 repealed by No 87 of 2015, s 3 and Sch 1 item 123, effective 1 July 2015. For transitional provisions, see note under s 3-15 .

Div 211 repealed by No 87 of 2015, s 3 and Sch 1 item 123, effective 1 July 2015. For transitional provisions, see note under s 3-15 .

S 211-5 repealed by No 87 of 2015, s 3 and Sch 1 item 123, effective 1 July 2015. For transitional provisions, see note under s 3-15 . S 211-5 formerly read:

SECTION 211-5 PURPOSE OF THIS PART  
211-5
The purpose of this Part is:
(a) to provide for the supervision of the business, affairs and property of *health benefits funds, so as to ensure that the business and affairs are carried on, and the property is managed:

(i) in the interests of the *policy holders of the funds; and

(ii) in accordance with Part 4-4; and

(b) to provide for the *external management of health benefits funds in a way consistent with the interests of those policy holders; and
(c) to provide, as a consequence either of that supervision or external management, for the orderly termination of health benefits funds in a way that is consistent with the interests of those policy holders.