The Private Health Insurance Amendment (Lifetime Health Cover Loading and Other Measures) Bill 2012 was introduced in the House of Reps on Wed 28.11.2012. It proposes to amend the Private Health Insurance Act 2007 and make minor consequential amendments to the ITAA 1936, ITAA 1997 and the Taxation Administration Act 1953.
The Bill provides for 2 categories of amendments to the Private Health Insurance Act 2007:
- it proposes amendments to that Act to remove the rebate on private health insurance from the Lifetime Health Cover loading part of affected premiums. The Bill will ensure that rebate recipients are treated consistently, regardless of whether they have a Lifetime Health Cover loading or not. These changes will commence on 1 July 2013;
- the second aspect to the Bill is that from 1 July 2013, claiming the rebate through a Department of Human Services Service Centre under the Incentive Payments Scheme will cease.
[LTN 231, 28/11]
Referred to Senate Committee for report by 12 March 2013
The Private Health Insurance Amendment (Lifetime Health Cover Loading and Other Measures) Bill 2012 has been referred to the Senate Community Affairs Legislation Committee for inquiry and report by 12 March 2013.
[LTN 232, 29/11]