Document ID: chunk:federal_register_of_legislation:C2025C00173:section:21
Version: federal_register_of_legislation:C2025C00173
Segment Type: section
Provision Reference: s 21
Character Range: 38561–39417

21  Cancellation of registration
 (1) APRA must, in writing, cancel the registration of a private health insurer if:
 (a) the insurer has not conducted health insurance business during the preceding 12 months; or
 (b) the insurer's health benefits funds have been terminated under Division 5 of Part 3; or
 (c) the insurer ceases to be a company within the meaning of the Corporations Act 2001.
 (1A) APRA may, in writing, cancel the registration of a private health insurer if APRA is satisfied that the private health insurer has failed to comply with a requirement of the Financial Accountability Regime Act 2023.
 (2) APRA must:
 (a) give the insurer written notice of the cancellation; and
 (b) within one month after the cancellation, publish in the Gazette a notification of the cancellation.

Part 3—Health benefits funds

Division 1—Introduction