Commonwealth Numbered Acts

PRIVATE HEALTH INSURANCE (PRUDENTIAL SUPERVISION) ACT 2015 (NO. 85, 2015) - SECT 21

             (1)  APRA must, in writing, cancel the registration of a private health insurer if:

                     (a)  the insurer has not conducted health insurance business during the preceding 12 months; or

                     (b)  the insurer's health benefits funds have been terminated under Division 5 of Part 3; or

                     (c)  the insurer ceases to be a company within the meaning of the Corporations Act 2001 .

             (2)  APRA must:

                     (a)  give the insurer written notice of the cancellation; and

                     (b)  within one month after the cancellation, publish in the Gazette a notification of the cancellation.