Document ID: chunk:federal_register_of_legislation:C2015A00087:clause:1_12
Version: federal_register_of_legislation:C2015A00087
Segment Type: clause
Provision Reference: sch 1 cl 12
Character Range: 13009–13892

12  After subsection 8(4)
Insert:

Private health insurers: 2015‑16 financial year
 (4A) A body corporate that is a private health insurer on the liability day in a quarter in the financial year starting on 1 July 2015 is liable to pay a levy in respect of that quarter. However, this subsection does not apply to a quarter if the liability day for the quarter is before the commencement of this subsection.
 (4B) In subsection (4A):
liability day in a quarter means the 28th day of the second month of the quarter.
quarter means a period of 3 months starting on 1 July, 1 October, 1 January or 1 April.

Private health insurers: 2016‑17 financial year and later financial years
 (4C) A body corporate that is a private health insurer at any time during the financial year starting on 1 July 2016 or a later financial year is liable to pay a levy in respect of that financial year.