Bill
Private Health Insurance (Risk Equalisation 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 Council's prudential and regulatory functions for private health insurers to the Australian Prudential Regulation Authority from 1 July 2015.
The package creates a new prudential regulation regime for private health insurers overseen by APRA and makes consequential amendments to related laws.
This bill continues the existing levy on the private health insurance industry to pay for regulatory activities.
- The bill provides for the continued imposition of a levy on the private health insurance industry.
- The levy funds regulatory activities.
- The bill is part of a larger package that transfers the Council's functions to APRA.
Private health insurers are affected by the levy.
Sources
em
billhome
frl act