Private Health Insurance Act 2007

Many of the terms in this Act are defined in the Dictionary in Schedule 1.

Most of the terms that are defined in the Dictionary are identified by an asterisk appearing at the start of the term: as in “*health benefits fund”. The footnote with the asterisk contains a signpost to the Dictionary.

An asterisk usually identifies the first occurrence of a term in a section (if not divided into subsections), subsection, definition, table item or diagram. Later occurrences of the term in the same provision are not usually asterisked.

Terms are not asterisked in headings, notes, examples or guides.

If a term is not identified by an asterisk, disregard that fact in deciding whether or not to apply to that term a definition or other interpretation provision.

The following basic terms used throughout the Act are not identified with an asterisk:

provides incentives to encourage people to have private health insurance; and

sets out rules governing private health insurance *products.

The Private Health Insurance (Prudential Supervision) Act 2015 sets out the registration process for private health insurers, imposes requirements about how private health insurers conduct health insurance business and deals with other matters in relation to the prudential supervision of private health insurers.

reductions in premiums for *complying health insurance policies;

a lifetime health cover scheme, under which premiums may rise for people who do not maintain private health insurance from an early age.