PHI 31/15

This circular issued by the Private Health Insurance Branch contains information about private health insurance

Page last updated: 19 May 2015

Printable version of 31/15 (PDF 116 KB)

19 May 2015

Private Health Insurance (Council Administration Levy) Amendment Rules 2015 (No. 1)

The Private Health Insurance (Council Administration Levy) Amendment Rules 2015 (No. 1) (the Amendment Rules) have been registered with the Federal Register of Legislative Instruments (FRLI) and commenced on 25 April 2015 (FRLI Number: F2015L00596).

The Amendment Rules impose a nil Council Administration Levy on private health insurers for the final quarter of the 2014-15 financial year.

The amendment rules were made in anticipation of the transfer of prudential and regulatory functions from the Private Health Insurance Administration Council (Council) to the Australian Prudential Regulation Authority (APRA) on 1 July 2015. The consolidation of these functions is expected to reduce duplication, improve coordination and increase efficiency of how public funds are used.

The Council Administration Levy has been reduced in order to draw down excess funds held in the Private Health Insurance Administration Council’s reserves, prior to the transfer to APRA.

If you require further information please telephone: (02) 6289 9853/24 hr answering machine or email the enquiry to Private Health Insurance Branch.

For more information visit 2015 Private Health Insurance (PHI) Circulars.

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