Fairer Private Health Insurance Incentives Act 2012 (26 of 2012)

Schedule 1   Amendments

Income Tax Assessment Act 1997

3   Subsection 61-205(1)

Repeal the subsection, substitute:

(1) You are entitled to a *tax offset for the 2012-13 income year or a later income year if:

(a) a premium, or an amount in respect of a premium, was paid by you or another entity during the income year under a *complying health insurance policy in respect of a period (the premium period ); and

(b) you are a *PHIIB in respect of the premium or amount; and

(c) each person insured under the policy during the premium period is, for the whole of the time that he or she is insured under the policy during the premium period:

(i) an eligible person (within the meaning of section 3 of the Health Insurance Act 1973); or

(ii) treated as such because of section 6, 6A or 7 of that Act.