Document ID: chunk:federal_register_of_legislation:C2025C00173:section:32:p2
Version: federal_register_of_legislation:C2025C00173
Segment Type: section
Provision Reference: s 32 (pt 2/2)
Character Range: 55307–56962

rules may provide for the following:
 (a) criteria for the approval of applications under subsection (1);
 (b) how to work out reasonable estimates of the kind referred to in paragraph (2)(a);
 (c) criteria for deciding under paragraph (2)(b) whether assets and liabilities would be fairly distributed;
 (d) requirements to notify interested persons of the outcomes of such applications;
 (e) matters connected with how restructures take place, including the following:
 (i) insurance policies becoming referable to a receiving fund or funds;
 (ii) policy liabilities and other liabilities incurred for the purposes of a transferring fund becoming treated as policy liabilities and other liabilities incurred for the purposes of a receiving fund or funds;
 (iii) assets of a transferring fund becoming assets of a receiving fund or funds;
 (iv) the timing of restructures;
 (v) if a receiving fund is a proposed new health benefits fund—the establishment of that fund;
 (f) requirements for private health insurers to give APRA information following restructures.

Approval is not a legislative instrument
 (6) An approval under this section is not a legislative instrument.

Definition
 (7) A policy group of a health benefits fund, is all of the insurance policies:
 (a) that are referable to the fund; and
 (b) the addresses of the policy holders of which, as known to the private health insurer conducting the fund, are located in the same risk equalisation jurisdiction.
APRA rules may provide for how to work out the policy group for a policy that has 2 or more holders whose addresses are not all located in the same risk equalisation jurisdiction.