Document ID: chunk:federal_register_of_legislation:C2016C00864:section:6
Version: federal_register_of_legislation:C2016C00864
Segment Type: section
Provision Reference: s 6
Character Range: 3625–4274

6  Imposition of risk equalisation levy
 (1) Risk equalisation levy is imposed on each private health insurer:
 (a) on each day specified in the Private Health Insurance (Risk Equalisation Levy) Rules as a risk equalisation levy day for a financial year; and
 (b) on each day (if any) determined by the Minister, by legislative instrument, as a supplementary risk equalisation levy day for a financial year.
 (2) The Private Health Insurance (Risk Equalisation Levy) Rules must not specify more than 4 levy days for a financial year.
 (3) The determination by the Minister must not specify more than 2 supplementary levy days for a financial year.