Document ID: chunk:federal_register_of_legislation:F2016C00820:body:0:p10
Version: federal_register_of_legislation:F2016C00820
Segment Type: other
Provision Reference: 
Character Range: 23585–26170

(2), if the amount calculated under paragraph 11 (1) (a) for an insurer is less than the amount calculated under paragraph 11 (1) (e), having taken into account any adjustment amount, the rate of risk equalisation levy imposed on an insurer on a risk equalisation day must be determined, for the quarter concerned, by APRA under the Levy Act, to be the amount equal to the difference.
(2)        If an insurer conducts more than one health benefits fund in one or more States, the rate of levy for that insurer is to be determined by adding the amount of levy worked out for each of those funds, less any amount that is to be debited from the Special Account for payment to the insurer in respect of a health benefits fund as determined in accordance with Part 3.

Part 3 Debits from the Special Account

13.                  Purpose of this Part
For subsection 318-10 (2) of the Act, this Part specifies:
(a)                    the circumstances in which an insurer is to be paid an amount debited from the Special Account; and
(b)                    the method for working out the amount to be debited from the Special Account for payment to the insurer.

14.                  Matters to be taken into account in working out amounts to be paid to insurers
(1)        The same matters are to be taken into account in working out the amount to be debited from the Special Account for payment to an insurer, for a particular quarter and in respect of a particular State, as are to be taken into account under Part 2 for working out amounts to be paid by an insurer as levy, for crediting to the Special Account.
(2)        Rule 10 has the same application to this rule as it has to rule 7.

15.                  Method for working out amounts to be paid to insurers
The same method is to be applied in working out the amount (if any) to be debited from the Special Account for payment to an insurer in respect of a particular health benefits fund and particular State as is to be applied under rule 11 in working out the amount of levy (if any) to be determined for an insurer.

16.                  Circumstances in which an insurer to be paid an amount and amount of payment
(1)        Subject to subrule (2), in circumstances where the amount calculated under paragraph 11 (1) (a) for an insurer is more than the amount calculated under paragraph 11 (1) (e), having taken account of any adjustment amount, APRA must determine that an amount equal to the difference is the appropriate amount to be debited from the Special Account for payment to the insurer for the quarter concerned.