Document ID: chunk:federal_register_of_legislation:C2004A01154:clause:1_29
Version: federal_register_of_legislation:C2004A01154
Segment Type: clause
Provision Reference: sch 1 cl 29
Character Range: 27854–29636

29  Saving of existing Ministerial principles

(1) This item applies if:
 (a) principles determined by the Minister under subsection 73BC(5B) of the National Health Act were in force immediately before 1 July 2004; and
 (b) the principles were principles for determining the method of, and the matters to be taken into account in, calculating the amounts to be paid into the Reinsurance Trust Fund by registered health benefits organizations.

(2) The principles:
 (a) continue in force despite the amendment made by item 19 of this Schedule to section 73BC of the National Health Act; and
 (b) apply for the purpose of determining the rate of the Reinsurance Trust Fund levy imposed on a levy day but only until the principles are varied under that section.

(3) In this item:
levy day means:
 (a) a Reinsurance Trust Fund levy day specified in the regulations made for the purposes of section 6 of the Private Health Insurance (Reinsurance Trust Fund Levy) Act 2003; or
 (b) a supplementary Reinsurance Trust Fund levy day specified in a determination by the Minister under section 6 of that Act.
National Health Act means the National Health Act 1953.
Reinsurance Trust Fund means the Health Benefits Reinsurance Trust Fund established by subsection 73BC(2) of the National Health Act.
Reinsurance Trust Fund levy means a Reinsurance Trust Fund levy imposed on registered health benefits organizations under section 6 of the Private Health Insurance (Reinsurance Trust Fund Levy) Act 2003.
registered health benefits organization means an organization registered under Part VI of the National Health Act for the purpose of conducting a health benefits fund.

[Minister's second reading speech made in—
House of Representatives on 26 March 2003
Senate on 23 June 2003]

(43/03)