Document ID: chunk:federal_register_of_legislation:F2015L01048:body:0:p5
Version: federal_register_of_legislation:F2015L01048
Segment Type: other
Provision Reference: 
Character Range: 11890–14225

days of the outsourcing arrangement being terminated:

       (a)          notify APRA, in writing, that the outsourcing arrangement has been terminated; and

       (b)          give APRA, in writing, details about the transition arrangements and future strategies for carrying out the activity that was the subject of the outsourcing arrangement.

    28.         If the termination of an outsourcing arrangement may result in a significant or unexpected disruption to a material business activity, the obligations of the private health insurer under paragraph 27 are in addition to any notification requirement under Prudential Standard HPS 350 Disclosure to APRA.

Adjustments and exclusions
    29.         APRA may, by notice in writing to a private health insurer, adjust or exclude a specific requirement in this Prudential Standard in relation to that private health insurer.

Transition arrangements
    30.         Any approval, determination or other exercise of discretion by PHIAC under Schedule 4 – Outsourcing Standard (the PHIAC outsourcing standard) of the Private Health Insurance (Insurer Obligations) Rules 2009 as they existed prior to 1 July 2015 will continue to have effect following 1 July 2015 as though exercised pursuant to a corresponding power under this Prudential Standard. In particular, exemptions or modifications made by PHIAC under section 7 of the PHIAC outsourcing standard, and in force immediately before 1 July 2015, continues in effect as if determined under paragraph 29 of this Prudential Standard.

    31.         However, an outsourcing arrangement that was in place on the commencement of the PHIAC outsourcing standard is not subject to the requirements of this Prudential Standard, unless the arrangement is or has been renewed or renegotiated after the commencement of the PHIAC outsourcing standard.

    32.         An outsourcing arrangement that was in place on the commencement of this Prudential Standard is not subject to the requirements of the second sentence of paragraph 20 (which relates to access to the premises of the outsourced service provider) unless the arrangement is or has been renewed or renegotiated after the commencement of this Prudential Standard.
[1]  Refer to subsection 92(1) of the Act.
    [2]  Outsourcing arrangement is defined in paragraph 12.