Private Health Insurance (Prudential Supervision) Act 2015

Summary:
The Private Health Insurance (Prudential Supervision) Act 2015 is an Act that outlines the management and supervision of private health insurers in Australia. It regulates the registration, duties, and liabilities of directors and officers, and prudential standards and directions for the industry. The document provides a summary of the Act, covering key concepts, obligations, and powers of private health insurers and their appointed actuaries. Specific areas covered include the external management of health benefits funds, including the appointment, powers, and duties of external managers, and procedures for terminating health benefits funds.