Document ID: chunk:federal_register_of_legislation:F2023L01272:clause:1_8
Version: federal_register_of_legislation:F2023L01272
Segment Type: clause
Provision Reference: sch 1 cl 8
Character Range: 3744–4252

8  Rate of levy for a single policy
 (1) For the purposes of item 1 of the table in subsection 6(1) of the Act, the rate of complaints levy for each single policy on issue from a private health insurer on the census day is the rate calculated using the formula:
$ 2,964,000.00
total number of single policies + (2 x total number of joint policies)

 (2) If the rate of levy calculated under subrule (1) for a single policy on issue from an insurer is more than $0.50, the rate for a single policy is $0.50.