Document ID: chunk:federal_register_of_legislation:C2015A00087:clause:1_62
Version: federal_register_of_legislation:C2015A00087
Segment Type: clause
Provision Reference: sch 1 cl 62
Character Range: 26230–26831

62  Section 131‑1
Repeal the section, substitute:

131‑1  What this Part is about

      This Part defines the key concept of a health benefits fund.
      This Part also defines the concepts of health‑related business and risk equalisation jurisdictions, and deals with some related matters (including the operation of health‑related businesses through health benefits funds).
Note: The Private Health Insurance (Prudential Supervision) Act 2015 requires private health insurers to have health benefits funds. Health benefits funds must be operated in accordance with the requirements of that Act.