Document ID: chunk:federal_register_of_legislation:C2012A00026:clause:1_14
Version: federal_register_of_legislation:C2012A00026
Segment Type: clause
Provision Reference: sch 1 cl 14
Character Range: 22549–24282

14  Subsections 26‑1(1), (2), (3) and (4)
Repeal the subsections, substitute:

Entitlement to payment
 (1) A person is entitled to a payment under this subsection if:
 (a) a premium was paid (whether or not by the person) under a *complying health insurance policy in respect of a period; and
 (b) the person is a *PHIIB in respect of the premium; and
 (c) the amount of the premium was not reduced under Division 23; and
 (d) the person meets any requirements specified in the Private Health Insurance (Incentives) Rules for the purposes of this paragraph.

Amount of payment
 (2) The amount of the payment is the *PHII benefit in respect of the premium.
 (2A) However, if there is more than one *PHIIB in respect of the premium, the amount of the payment is the *PHII benefit in respect of the premium divided by the number of those PHIIBs.

Payment if there is more than one PHIIB
 (3) If subsection (2A) applies and the person is paid the amount to which he or she is entitled under subsection (1) in respect of the premium:
 (a) the person is also to be paid each amount to which another person is entitled under subsection (1) in respect of the premium because the other person is one of those *PHIIBs; and
 (b) if the person is paid an amount in accordance with paragraph (a)—he or she is liable to account for that amount to the other person mentioned in that paragraph.

Reduction in amount payable
 (4) A person's entitlement under subsection (1) in respect of the premium is reduced to the extent that:
 (a) a previous payment was made under this section in relation to that entitlement; or
 (b) the person has received a tax offset under Subdivision 61‑G of the Income Tax Assessment Act 1997 in respect of the premium.