Document ID: chunk:federal_register_of_legislation:F2015C00958:body:0:p2
Version: federal_register_of_legislation:F2015C00958
Segment Type: other
Provision Reference: 
Character Range: 2791–5821

Insurance Act 2007.
           Note: Terms used in these Rules have the same meaning as in the Act—see section 13 of the Legislative Instruments Act 2003.  These terms include:

            complaints levy
           late payment penalty
           national joint replacement register levy
            risk equalisation levy

6.                      Complaints levy
For paragraph 307-1 (1) (b) of the Act, the payment day for complaints levy imposed on a day (the imposition day) under section 5 of the Private Health Insurance (Complaints Levy) Act 1995 is 31 December each year.

7.                      Risk equalisation levy
For paragraph 307-1 (1) (b) of the Act, the payment day for risk equalisation levy imposed on a day (the imposition day) under section 6 of the Private Health Insurance (Risk Equalisation Levy) Act 2003 is 14 days after the imposition day.
           Note: The imposition day for the risk equalisation levy is the 21st day of the second month of each quarter ending on the last day of March, June, September or December in a financial year.

8.                      Rate of late payment penalty
For paragraph 307-5 (2) (a) of the Act, the rate of late payment penalty is specified as 15% per year.

9.                      National joint replacement register levy
For paragraph 307-1 (1) (b) of the Act, the payment day for national joint replacement register levy imposed on a day (the imposition day) under paragraph 6 (1) (a) of the Private Health Insurance (National Joint Replacement Register Levy) Act 2009 is 21 days after the imposition day.
           Note: The imposition day for the national joint replacement register levy is 31 October in each financial year.

Endnotes

Endnote 1—About the endnotes
The endnotes provide information about this compilation and the compiled law.

The following endnotes are included in every compilation:

Endnote 1—About the endnotes
Endnote 2—Abbreviation key
Endnote 3—Legislation history
Endnote 4—Amendment history

Endnotes about misdescribed amendments and other matters are included in a compilation only as necessary.

Abbreviation key—Endnote 2
The abbreviation key sets out abbreviations that may be used in the endnotes.

Legislation history and amendment history—Endnotes 3 and 4
Amending laws are annotated in the legislation history and amendment history.

The legislation history in endnote 3 provides information about each law that has amended (or will amend) the compiled law. The information includes commencement details for amending laws and details of any application, saving or transitional provisions that are not included in this compilation.

The amendment history in endnote 4 provides information about amendments at the provision (generally section or equivalent) level. It also includes information about any provision of the compiled law that has been repealed in accordance with a provision of the law.

Misdescribed amendments
A misdescribed amendment is an amendment that does not accurately describe the amendment to be