Document ID: chunk:federal_register_of_legislation:C2018A00101:clause:4_3
Version: federal_register_of_legislation:C2018A00101
Segment Type: clause
Provision Reference: sch 4 cl 3
Character Range: 15851–17362

3  Irregular health insurance policy
(1) For the purposes of this Schedule, an insurance policy is an irregular health insurance policy at a particular time during the period:
 (a) beginning at the start of 1 April 2007; and
 (b) ending at the end of 30 June 2018;
if, at that time (apart from item 4):
 (c) the insurance policy includes one or more benefit limitation periods; and
 (d) the insurance policy is not a complying health insurance policy (within the meaning of the Private Health Insurance Act 2007); and
 (e) the insurance policy would be a complying health insurance policy (within the meaning of that Act), if:
 (i) the waiting period requirements in Division 75 of that Act; and
 (ii) the portability requirements in Division 78 of that Act;
  did not prevent the policy from including those benefit limitation periods.
(2) Subitem (1) has effect subject to subitem (3).
(3) For the purposes of this Schedule, if (apart from item 4):
 (a) at a particular time during the period:
 (i) beginning at the start of 1 April 2018; and
 (ii) ending at the end of 30 June 2018;
  an insurance policy included one or more benefit limitation periods that relate to:
 (iii) hospital treatment that is psychiatric care; or
 (iv) hospital‑substitute treatment that is psychiatric care; and
 (b) as a result, the policy is not a complying health insurance policy (within the meaning of the Private Health Insurance Act 2007) at that time;
the policy is not an irregular health insurance policy at that time.