Summary
Amends the: Private Health Insurance Incentives Act 1998 and Income Tax Assessment Act 1997 to increase the private health insurance rebate from 30 to 35 per cent for people aged 65 to 69 years and to 40 per cent for people aged 70 years and over. Also makes a consequential amendment to the National Health Act 1953 to ensure that certain Gold Card holders are not affected by the application of Lifetime Health Cover.