Commonwealth Numbered Acts

PRIVATE HEALTH INSURANCE INCENTIVES ACT 1998 No. 121, 1998 - SECT 4.10

(1) The amount payable under this Chapter for an amount of premium paid under a policy for the financial year that began on 1 July 1998 depends upon whether or not a person was registered, or eligible to apply for registration, before 1 January 1999 under the Private Health Insurance Incentives Act 1997 in respect of the policy for the financial year.

If no-one registered or eligible for registration

(2) If no person was so registered or eligible to apply for registration, the amount payable is 30% of the amount of the premium paid by you, or by your employer as a ^* fringe benefit for you, under the policy for the financial year.

If someone registered or eligible for registration

(3) If a person was so registered or eligible to apply for registration, the amount payable is the greater of the amount worked out under paragraph (a) and the amount worked out under paragraph (b):

(a) 30% of:

(i) the amount of the premium paid by you, or by your employer as a ^* fringe benefit for you, under the policy for the financial year; or

(ii) if, because of the operation of the Private Health Insurance Incentives Act 1997 , that amount of premium was less than the amount of premium that would otherwise have been payable--the amount of premium that would otherwise have been payable; and

(b) the ^* incentive amount for the policy for the financial year.

(4) The amount payable under this Chapter for an amount of premium paid under a policy for a later financial year depends upon whether or not a person was registered, or eligible to apply for registration, before 1 January 1999 under the Private Health Insurance Incentives Act 1997 in respect of the policy for the financial year that began on 1 July 1998.

If no-one registered or eligible for registration

(5) If no person was so registered or eligible to apply for registration, the amount payable is 30% of the amount of the premium paid by you, or by your employer as a ^* fringe benefit for you, under the policy for the later financial year.

If someone registered or eligible for registration

(6) If a person was so registered or eligible to apply for registration, the amount payable is the greater of:

(a) 30% of the amount of the premium paid by you, or by your employer as a ^* fringe benefit for you, under the policy for the later financial year; and

(b) the ^* incentive amount for the policy for the later financial year.

(7) The total amount payable under this Chapter for a policy for a financial year is reduced by the amount of any tax offset received under Subdivision 61-H of the Income Tax Assessment Act 1997 for the total amount of the premium paid by you, or by your employer as a ^* fringe benefit for you, under the policy for that financial year.

Disregard premium that relates to period before 1 January 1999

(8) In working out an amount payable under this Chapter for an amount of premium paid by you, or by your employer as a ^* fringe benefit for you, under a policy, disregard any part of the amount of the premium paid that relates to a period before 1 January 1999.

Amount payable reduced if premium reduced under 1997 Act

(9) If, because of the operation of the Private Health Insurance Incentives Act 1997 , the amount of a premium paid by you, or by your employer as a ^* fringe benefit for you, under a policy for a period after 31 December 1998 was less than the amount that would otherwise have been payable, the amount payable under this Chapter in respect of the premium is reduced by the amount of the difference.