Bill
Private Health Insurance (Prudential Supervision) 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 prudential regulation of private health insurers from the Council to the Australian Prudential Regulation Authority from 1 July 2015.
The package includes bills to make consequential amendments, provide transitional arrangements, and continue levies on the industry to fund regulatory activities.
The explanatory memorandum states the bills are interdependent and provides a single human rights statement for the package.
- Transfers the Council's prudential and regulatory functions to APRA.
- Creates a regime for prudential regulation of private health insurers by APRA.
- Provides for continued imposition of levies on the private health insurance industry.
Private health insurers and the Australian Prudential Regulation Authority.
Sources
em
billhome
frl act