Commonwealth Numbered Acts

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PRIVATE HEALTH INSURANCE ACT 2007 (NO. 31, 2007) - SECT 134.10

Inclusion of health-related businesses in health benefits funds

             (1)  If a private health insurer has a * health benefits fund in respect of its * health insurance business and some or all of its * health‑related businesses, the dominant purpose of the fund must relate to its health insurance business.

             (2)  If the Council is satisfied that the insurer is contravening subsection (1):

                     (a)  the Council may give to the insurer such directions relating to divesting the fund of * health‑related businesses as the Council thinks necessary to ensure the insurer's compliance with subsection (1); and

                     (b)  the insurer must comply with those directions.


 



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