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Private health insurance fees and levies

Private Health Insurance (Risk Equalisation Policy) Rules 2015

As part of the abolition of the former Private Health Insurance Administration Council (the Council) by the Private Health Insurance (Prudential Supervision) (Consequential Amendments and Transitional Provisions) Act 2015, and the replacement of the prudential regulation of the private health insurance industry by the Australian Prudential Regulation Authority (APRA), the previous Risk Equalisation Trust Fund (the Trust Fund) has been replaced by a Special Account.

The conversion of the Trust Fund into the Special Account is not intended to result in any practical changes for insurers. The same kinds of amounts will be payable into the Special Account under section 318-5 of the Private Health Insurance Act 2007 as were payable into the Trust Fund.

View the Private Health Insurance (Risk Equalisation Policy) Rules 2015 on the Federal Register of Legislation.

 

Application charges

Charges to be paid in relation to: friendly society rules and rule amendment applications; applications for authorisation as a Private Health Insurer; transfer of business applications and applications to hold a Restricted Authorised Deposit-taking institution (ADI) licence and progression to an ADI

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