Bill
Private Health Insurance (Collapsed Insurer Levy) Amendment Bill 2015
passed, as at 2015-06-26. Treasury portfolio.
- Sponsor
- Not recorded
- Portfolio
- Treasury
Recorded stages
- introduced — 2015-05-27
- second reading — 2015-05-27
- second reading — 2015-06-04
- second reading — 2015-06-15
- second reading — 2015-06-15
- third reading — 2015-06-15
- introduced — 2015-06-16
- second reading — 2015-06-16
- second reading — 2015-06-22
- second reading — 2015-06-22
- committee — 2015-06-22
- third reading — 2015-06-22
- passed — 2015-06-22
- royal assent — 2015-06-26
Divisions
No divisions recorded. Most questions are decided on the voices; this does not establish that a bill was unopposed.
Plain-language summary
Written by a model from the explanatory memorandum; not the record, as at 2015-05-27.
This bill is part of a package that transfers the prudential regulation of private health insurers from the Council to the Australian Prudential Regulation Authority from 1 July 2015.
The package creates a new regulatory regime for private health insurers under APRA and makes consequential amendments to relevant legislation, including repealing parts of the Private Health Insurance Act.
The package also includes bills to continue imposing levies on the private health insurance industry to pay for regulatory activities.
- Transfers the Council's prudential and regulatory functions to APRA.
- Creates a regime for prudential regulation of private health insurers by APRA.
- Repeals provisions relating to the Council in the Private Health Insurance Act.
- Provides transitional arrangements for the transfer.
- Continues the imposition of levies on the private health insurance industry to fund regulation.
Private health insurers and the private health insurance industry.
Sources
em
billhome
frl act