Private Health Insurance (Complaints Levy) Act 1995

Act Overview: The Private Health Insurance (Complaints Levy) Act 1995 imposes a levy on health insurance business conducted by private health insurers.

Key Provisions:

1. Imposition of levy: The levy is imposed on each day specified in the Private Health Insurance (Complaints Levy) Rules as a complaints levy day, and on each supplementary complaints levy day determined by the Minister.
2. Rate of levy: The rate of levy is determined based on the number of complying health insurance policies on issue on a specified day, and may be different for policies under which different numbers of people are insured.
3. Payable by: The levy is payable by each private health insurer conducting health insurance business.
4. Rules and Regulations: The Minister may make rules to provide for matters required or permitted by the Act, and the Governor-General may make regulations prescribing matters required or permitted by the Act.

Notes: The Act as shown in this compilation comprises Act No. 40 of 1995, amended as indicated in the Tables below. The note section includes tables of acts and amendments, as well as notes to the Act.

I hope this summary provides a useful summary of the document. Let me know if you have any other questions!