PRIVATE HEALTH INSURANCE INCENTIVES ACT 1998 No. 121, 1998 - SECT 20.10 Meaning of incentive amount

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PRIVATE HEALTH INSURANCE INCENTIVES ACT 1998 No. 121, 1998 - SECT 20.10

Meaning of incentive amount (1) For the purposes of this Act, the incentive amount for an ^*appropriate private health insurance policy for a financial year is worked out in accordance with the following table:

Incentive amounts

Item

Number and kinds of people covered by the policy

Policy provides ^*hospital cover but not ^*ancillary cover

Policy provides ^*ancillary cover but not ^*hospital cover

Policy provides ^*combined cover

1

3 or more people

$350

$100

$450

2

One dependent child and one other person

$350

$100

$450

3

2 people neither of whom is a dependent child

$200

$50

$250

4

One person

$100

$25

$125

(2) If the amount of the premium paid by a person, or by a person's employer as a ^*fringe benefit for the person, under the ^*appropriate private health insurance policy is for part only of the financial year, the incentive amount is worked out using the following formula:

Incentive amounts
Item	Number and kinds of people covered by the policy	*Policy provides ^hospital cover but not ^ancillary cover*	*Policy provides ^ancillary cover but not ^hospital cover*	*Policy provides ^combined cover**
1	3 or more people	$350	$100	$450
2	One dependent child and one other person	$350	$100	$450
3	2 people neither of whom is a dependent child	$200	$50	$250
4	One person	$100	$25	$125

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(169/98)

[ Minister's second reading speech made in--

House of Representatives on 12 November 1998

Senate on 30 November 1998 ]

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