Commonwealth Numbered Acts

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PRIVATE HEALTH INSURANCE (REINSURANCE TRUST FUND LEVY) ACT 2003 No. 73, 2003 - SECT 7

Rate of Reinsurance Trust Fund levy
(1)
The rate of Reinsurance Trust Fund levy imposed on a particular day is worked out using the following table:


Rate of Reinsurance Trust Fund levy


Item


The rate of levy imposed on a...


is the rate that...


1


Reinsurance Trust Fund levy day


(a) is determined in writing by the Council; and
(b) applies on that day.


2


supplementary Reinsurance Trust Fund levy day


(a) is determined in writing by the Minister; and
(b) applies on that day.


(2)
In determining the rate of levy, the Council and the Minister must follow the Ministerial principles determined under subsection 73BC(5B) of the National Health Act .

(3)
The rate of levy may be set at zero.


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