Commonwealth Consolidated Acts

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PRIVATE HEALTH INSURANCE (PRUDENTIAL SUPERVISION) ACT 2015 - SECT 49

Purpose of Division

    The purpose of this Division is to permit the business, affairs and property of a health benefits fund under external management to be managed in a way:

  (a)   that maximises the chance that the policy holders of the fund continue to be covered for health insurance either by that fund or by another fund to which the business of that fund is transferred; or

  (b)   if it is not possible for that coverage to be maintained--that, to the extent possible, safeguards the financial interests of those policy holders if the fund is terminated.



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