Document ID: chunk:federal_register_of_legislation:F2023L01272:clause:1_9
Version: federal_register_of_legislation:F2023L01272
Segment Type: clause
Provision Reference: sch 1 cl 9
Character Range: 4252–4826

9  Rate of levy for a joint 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 joint policy on issue from a private health insurer on the census day is the rate calculated using the formula:
2 x                                                                     $ 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 joint policy on issue from an insurer is more than $1.00, the rate for the policy is $1.00.