Document ID: chunk:federal_register_of_legislation:C2007A00034:clause:1_8
Version: federal_register_of_legislation:C2007A00034
Segment Type: clause
Provision Reference: sch 1 cl 8
Character Range: 5860–6691

8  Exempt insurers

 (1) A private health insurer is an exempt insurer in relation to a levy determination if:
 (a) it is the collapsed insurer; or
 (b) the Minister determines, by legislative instrument, that the insurer is an exempt insurer.

 (2) The Minister may make a determination under paragraph (1)(b) if the Minister is satisfied that imposing the collapsed insurer levy on the insurer would have a significantly adverse effect on the insurer's ability to comply with:
 (a) the solvency standard under Division 140 of the Private Health Insurance Act 2007 or a solvency direction given to the insurer under section 140‑20 of that Act; or
 (b) the capital adequacy standard under Division 143 of the Private Health Insurance Act 2007 or a capital adequacy direction given to the insurer under section 143‑20 of that Act.