Document ID: chunk:federal_register_of_legislation:C2023C00183:clause:2_4
Version: federal_register_of_legislation:C2023C00183
Segment Type: clause
Provision Reference: sch 2 cl 4
Character Range: 64860–65739

4  Subsections 4(1) to (3)
Repeal the subsections, substitute:
 (1) For the purposes of this Act, a person is covered by an insurance policy that provides private patient hospital cover if:
 (a) the policy is a complying health insurance policy (within the meaning of the Private Health Insurance Act 2007) that covers hospital treatment (within the meaning of that Act); and
 (b) any excess payable in respect of benefits under the policy is no more than:
 (i) $500 in any 12 month period, in relation to a policy under which only one person is insured; and
 (ii) $1,000 in any 12 month period, in relation to any other policy.
 (2) Paragraph (1)(b) does not apply in relation to an insurance policy under which a person has been insured continuously since the end of 24 May 2000, as long as the amount of any excess payable under the policy has not increased since that time.