Private Health Insurance Act 2007
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Hide history noteThere must be credited to the [*]
To find definitions of asterisked terms, see the Dictionary in Schedule 1 .
Risk Equalisation Special Account amounts equal to the following: (a) amounts received by [*]To find definitions of asterisked terms, see the Dictionary in Schedule 1 .
APRA by way of:
(i) [*]To find definitions of asterisked terms, see the Dictionary in Schedule 1 .
risk equalisation levy; or
(b) any of the following other amounts received by APRA:
(ii) [*]To find definitions of asterisked terms, see the Dictionary in Schedule 1 .
late payment penalty in respect of unpaid amounts of risk equalisation levy;
(i) amounts received under paragraph 45(b), or section 46, of the Private Health Insurance (Prudential Supervision) Act 2015 ;
(c) amounts paid to the Commonwealth or APRA, by a State or Territory, for crediting to the Risk Equalisation Special Account.
(ii) repayments of collapsed insurer assistance payments (within the meaning of section 54H of the Australian Prudential Regulation Authority Act 1998 );
Note:
An Appropriation Act may contain a provision to the effect that, if any of the purposes of a special account is a purpose that is covered by an item in the Appropriation Act (whether or not the item expressly refers to the special account), then amounts may be debited against the appropriation for that item and credited to that special account.
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