Commonwealth Numbered Acts

PRIVATE HEALTH INSURANCE INCENTIVES ACT 1997 No. 55, 1997 - SECT 8.3

(1) Subject to subsection (2), the amount payable to the health fund in
respect of the month is 1/12 of the sum of the annual incentive amount (see
section 5-3) for each private health insurance policy that:

   (a)  was issued by the health fund; and

   (b)  on the first day of that month, covers a person who is, on that day, a
        participant in the incentives scheme in respect of that policy (see
        section 5-2).

(2) Subject to subsection (3), the annual incentive amount for a private
health insurance policy in respect of which a person is a participant in the
incentives scheme is taken, for the purposes of subsection (1), to be the
amount that would be the annual incentive amount if:

   (a)  the number of persons covered by the policy; and

   (b)  the number of such persons who are dependent children; were as stated
        in the most recent application under section 4-3 made by the person in
        respect of the policy.

(3) Subsection (2) only applies if the amount worked out under that subsection
is less than the annual incentive amount under section 5-3.

(4) The amount must be paid to the health fund on or before the 15th day of
the month (or, if that day is not a business day, the first business day after
that day).

(5) The amount must be paid in the way determined, in writing, by the Managing
Director.