Document ID: chunk:federal_register_of_legislation:F2017L00670:body:0:p1
Version: federal_register_of_legislation:F2017L00670
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Private Health Insurance (Registration) Rules 2017 (No 2)
I, Pat Brennan, a delegate of APRA, under subsection 174(1) of the Private Health Insurance (Prudential Supervision) Act 2015 REVOKE Private Health Insurance (Registration) Rules 2017 and MAKE the
Private Health Insurance (Registration) Rules 2017 (No 2).

These Rules commence on the day after registration on the Federal Register of Legislation.

Dated: 13 June 2017

[Signed]

Pat Brennan

Contents
1. Name of Rules
2. Revocation
3. Commencement
4. Application
5. Definitions
6. Criteria for registration
7. Description of groups who can be offered insurance products by restricted access insurers
8. Limits on insurance provided by restricted access insurers
9. Transition arrangements

    1.             Name of Rules
These Rules are the Private Health Insurance (Registration) Rules 2017(No 2).

    2.             Revocation
    These Rules replace the Private Health Insurance (Registration) Rules 2017.

    3.             Commencement
These Rules commence on the day after registration on the Federal Register of Legislation.

    4.             Application
These Rules apply to restricted access insurers and companies seeking registration as private health insurers under Division 3 of Part 2 of the Act.

    5.             Definitions
Note: Terms used in these Rules have the same meaning as in the Act – see section 13 of the Legislative Instruments Act 2003. These terms are:
APRA
Chief Executive Officer
complying health insurance policy
health benefits fund
improper discrimination
private health insurer
restricted access insurer

In these Rules:
Act means the Private Health Insurance (Prudential Supervision) Act 2015.
PHI Act means the Private Health Insurance Act 2007.
PHIAC means the Private Health Insurance Administration Council.
Principal Insureds means the persons described in paragraphs 7 (a) to 7 (e) of these Rules.
Secretary of the Department has the same meaning as in the PHI Act.

    6.             Criteria for registration
The following criteria apply under section 14 of the Act to the registration of bodies as private health insurers:
       (a)          APRA must be satisfied that the applicant will be able to comply with the obligations imposed by or under the Act, the PHI Act and the Financial Sector (Collection of Data) Act 2001 on private health insurers[1];
       (b)          APRA must be satisfied that the applicant has notified APRA of the name and contact details of its Chief Executive Officer;
       (c)          APRA must be satisfied that the private health insurer satisfies the conditions in subsection 12(1) of the Act;
       (d)          APRA must be satisfied that the application meets the requirements of subsection 12(2) of the Act;
       (e)          APRA must be satisfied that the rules of the applicant do not permit improper discrimination in relation to the applicant's complying health insurance policies[2];
       (f)           in relation to the health benefits fund, or each of the health benefits funds, proposed to be conducted by the