Document ID: chunk:federal_register_of_legislation:C2016C00870:section:8
Version: federal_register_of_legislation:C2016C00870
Segment Type: section
Provision Reference: s 8
Character Range: 5460–6205

8  Exempt insurers
 (1) A private health insurer is an exempt insurer in relation to a levy determination if:
 (a) it is the collapsed insurer; or
 (b) the Minister determines, by legislative instrument, that the insurer is an exempt insurer.
 (2) The Minister may make a determination under paragraph (1)(b) if the Minister is satisfied that imposing the collapsed insurer levy on the insurer would have a significantly adverse effect on the insurer's ability to comply with:
 (a) a prudential standard (within the meaning of the Private Health Insurance (Prudential Supervision) Act 2015) relating to capital adequacy or solvency that applies in relation to the insurer; or
 (b) a direction given to the insurer under section 96 of that Act.