Document ID: chunk:federal_register_of_legislation:C2015A00087:clause:2_9
Version: federal_register_of_legislation:C2015A00087
Segment Type: clause
Provision Reference: sch 2 cl 9
Character Range: 64119–65093

9  Directions
(1) This item applies in relation to a direction given to a private health insurer, under any of the following provisions of the PHI Act, that is in force immediately before the transition time:
 (a) section 140‑20 (solvency directions);
 (b) section 143‑20 (capital adequacy directions);
 (c) section 163‑15 (directions to comply with standards);
 (d) section 200‑1 (other directions).
(2) The direction has effect from the transition time as if it were a direction given by APRA to the private health insurer under section 96 of the Prudential Supervision Act. However, section 104 (non‑compliance with a direction) does not apply in relation to the direction unless it was given under section 163‑15 of the PHI Act.
Note: The direction may be varied or revoked under section 99 of the Prudential Supervision Act.
(3) If the direction specifies a period for which it remains in force, the direction ceases to have effect at the end of the specified period.