(1)

For paragraph 140 (3) (b) of the Act, a registered health benefits organization may apply to the Council for an extension of the payment day for a private health insurance levy at any time before the payment day for the levy.

Note
The payment day for ACAC review levy, Council administration levy and Reinsurance Trust Fund levy is specified in regulation 4.

(2)

An application must:

(a)

be in writing; and

(b)

set out the reasons for seeking the extension.

(3) If the Council receives an application, the Council must:
(a) decide whether to grant the extension; and

(b)

give written notice of the decision to the applicant.

(4)

The Council must comply with subregulation (3):

(a)

for an application for an extension of the payment day for an ACAC review levy or a Council administration levy — within 7 days after receiving the application; and

(b)

for an application for an extension of the payment day for a Reinsurance Trust Fund levy — within a reasonable time after receiving the application.

(5)

A person who receives notice of a decision under subregulation (3) must:

(a)

if the decision is to grant the extension — pay the levy to which the decision relates on or before the date specified in the notice; and

(b)

if the decision is to refuse the extension — pay the levy to which the decision relates, and any late payment penalty, within 14 days after receiving the notice.

Note
Section 83F of the Act provides that the Council may waive the whole or a part of an amount of a late payment penalty in respect of an unpaid amount of an ACAC review levy or a Council administration levy.