The Private Health Insurance (Incentives) Amendment Rules (No. 1) 2020 (the Rules) have been made and commence on 31 March 2020. The Rules will shortly be registered on the Federal Register of Legislation.
The Rules amend the Private Health Insurance (Incentives) Rules 2012 (No. 2) to insert a revised section 5A. Section 5A determines the adjustment factor for the purposes of subsection 22-10(5A) of the Private Health Insurance Act 2007. The adjustment factor is used to uniformly adjust all rebate percentages.
New rule 5A sets the rebate adjustment factor for the adjustment year commencing on 1 April 2020 to 1.
If you have any questions regarding this circular please contact the Department of Health at PHI@health.gov.au.