Document ID: chunk:federal_register_of_legislation:F2015L01055:body:0:p3
Version: federal_register_of_legislation:F2015L01055
Segment Type: other
Provision Reference: 
Character Range: 5502–7628

private health insurer submitted to PHIAC prior to 1 July 2015, the private health insurer must submit the amended quarterly return to APRA as soon as practicable.

    18.         If APRA, acting reasonably, is satisfied that information submitted by a private health insurer to PHIAC on the PHIAC 4 return prior to 1 July 2015 is inaccurate, APRA may, by notifying the private health insurer in writing of the basis of APRA's concern, require resubmission of that information in a way that corrects the inaccuracy.

Interpretation

    19.         In this Reporting Standard:

       (a)          unless the contrary intention appears, words and expressions have the meanings given to them in Prudential Standard HPS 001 Definitions (HPS 001); and

       (b)          APRA means the Australian Prudential Regulation Authority established under the Australian Prudential Regulation Authority Act 1998;

officer has the meaning in the Private Health Insurance (Prudential Supervision) Act 2015;
PHIAC means the Private Health Insurance Administration Council continued in existence under subsection 264-1(1) of the Private Health Insurance Act 2007, as it existed immediately prior to the commencement of the Private Health Insurance (Prudential Supervision) Act 2015; and
PHIAC 4 return means the form titled PHIAC 4 return issued under sections 264-10(2), 264-20 and 172-1 of the Private Health Insurance Act 2007, as it existed immediately prior to the commencement of the Private Health Insurance (Prudential Supervision) Act 2015;
PHIAC Extranet is an environment (based on SharePoint) for secure (user ID and password required) sharing of documents, accessible via the internet;
       private health insurer has the meaning in the Private Health Insurance (Prudential Supervision) Act 2015; and

       reporting period means a period mentioned in paragraph 8.

    [1]   For the avoidance of doubt, if the due date for a particular reporting period falls on a day other than a usual business day, a private health insurer is nonetheless required to submit the information required no later than the due date.