Document ID: chunk:federal_register_of_legislation:C2004A00827:clause:3_7
Version: federal_register_of_legislation:C2004A00827
Segment Type: clause
Provision Reference: sch 3 cl 7
Character Range: 18613–19184

7  After subsection 12‑5(1)
Insert:

 (1A) The amount by which the premium is to be reduced depends on whether or not a person was registered, or eligible to apply for registration, before 1 January 1999 under the Private Health Insurance Incentives Act 1997 in respect of the policy for the financial year.

 (1B) If the financial year is the financial year that began on 1 July 1998, and no person was so registered or eligible to apply for registration, the amount of the reduction is 30% of the amount of the premium payable under the policy for the financial year.