Document ID: chunk:federal_register_of_legislation:C2025C00097:section:6:p1
Version: federal_register_of_legislation:C2025C00097
Segment Type: section
Provision Reference: s 6 (pt 1/6)
Character Range: 19357–22399

6                                               private health insurer              the Dictionary in Schedule 1

1‑15  Extension to Norfolk Island
  This Act extends to Norfolk Island.

Division 3—Overview of this Act

3‑1  What this Act is about
  This Act is about private health insurance. It:
 (a) provides incentives to encourage people to have private health insurance; and
 (b) sets out rules governing private health insurance *products.
Note: The Private Health Insurance (Prudential Supervision) Act 2015 sets out the registration process for private health insurers, imposes requirements about how private health insurers conduct health insurance business and deals with other matters in relation to the prudential supervision of private health insurers.

3‑5  Incentives (Chapter 2)
  Chapter 2 provides the following incentives:
 (a) reductions in premiums for *complying health insurance policies;
 (c) a lifetime health cover scheme, under which premiums may rise for people who do not maintain private health insurance from an early age.

3‑10  Complying health insurance products (Chapter 3)
  Chapter 3 requires insurers who make private health insurance available to people to do so in a non‑discriminatory way, to offer *products that comply with this Act, and to meet certain other obligations imposed by this Act in relation to those products.

3‑15  Health insurance business, health benefits funds and miscellaneous obligations of private health insurers (Chapter 4)
  Chapter 4 defines the key concepts of *health insurance business and *health benefits funds. It also deals with some related matters and imposes miscellaneous obligations on private health insurers.

3‑20  Enforcement (Chapter 5)
  Chapter 5 provides for a range of enforcement mechanisms aimed at monitoring and ensuring compliance with this Act and protecting the interests of *policy holders.

3‑25  Administration (Chapter 6)
  Chapter 6 contains administrative and machinery provisions relating to the operation of this Act.

3‑30  Dictionary (Schedule 1)
  The Dictionary in Schedule 1 contains definitions of terms used throughout this Act.

Division 5—Constitutional matters

5‑1  Meaning of insurance
  In this Act:
insurance means insurance to which paragraph 51(xiv) of the Constitution applies.

5‑5  Act not to apply to State insurance within that State
  This Act does not apply with respect to State insurance that does not extend beyond the limits of the State concerned.

5‑10  Compensation for acquisition of property
 (1) If the operation of this Act would result in an acquisition of property from a person otherwise than on just terms, the Commonwealth is liable to pay a reasonable amount of compensation to the person.
 (2) If the Commonwealth and the person do not agree on the amount of the compensation, the person may institute proceedings in the Federal Court for the recovery from the Commonwealth of such reasonable amount of compensation as the court determines.
 (3) In this section:
acquisition of property has the