Document ID: chunk:federal_register_of_legislation:F2016C00820:body:0:p9
Version: federal_register_of_legislation:F2016C00820
Segment Type: other
Provision Reference: 
Character Range: 20968–23817

the total amount of the eligible benefits notionally allocated for the quarter in that State to the ABP, as mentioned in subrule 7 (4); and
(ii)                   the total amount of the eligible benefits notionally allocated for the quarter in that State to the HCCP, in accordance with subrule 7 (7) or, if applicable, subrule 7 (9);
(b)                    add the amounts calculated under paragraph (a) for each fund to obtain a total for the State;
(c)                    ascertain the number that is the total of the average number of single equivalent units in that State for the quarter for all funds by:
(i)                     determining, under paragraph 7 (2) (b), the mean number of single equivalent units for each fund in the State; and
(ii)                   adding the number determined under subparagraph (i);
(d)                    calculate the average amount payable for each single equivalent unit by dividing the total amount determined under paragraph (b) by the total number ascertained under paragraph (c);
(e)                    calculate the total amount that would have been payable by Insurer Z in respect of the fund if the single equivalent units determined under paragraph 7 (2) (b) to be the mean number of single equivalent units in that State for the fund had each been entitled to the amount calculated under paragraph (d) by multiplying the amount calculated in (d) by the mean number of single equivalent units for Insurer Z as calculated in (c) (i);
(f)                     calculate the difference between the amount calculated under paragraph (e) and the amount calculated under paragraph (a) for Insurer Z.
(2)        Where an adjustment amount has been determined under Part 4 to be taken into account in a particular quarter, the amount must be taken into account to increase or decrease, as the case requires, the amount that otherwise would be calculated under this rule.
(3)        Where an insurer fails to provide a quarterly return to APRA that is necessary to enable APRA to carry out the calculation referred to in this rule, APRA must carry out the calculation using the quarterly return last provided by the insurer:
           (a)                    to APRA for the relevant quarter and State; or
           (b)                    if the insurer has not provided a quarterly return to APRA, the last return the insurer provided to the Council in accordance with rule 6 of the Risk Equalisation Administration Rules 2007 as in force on 30 June 2015, for the relevant quarter and State.

12.                  Working out rate of levy
(1)        Subject to subrule (2), if the amount calculated under paragraph 11 (1) (a) for an insurer is less than the amount calculated under paragraph 11 (1) (e), having taken into account any adjustment amount, the rate of risk equalisation levy imposed on an