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Second Reading Speeches

Private Health Insurance Amendment (Lifetime Health Cover Loading and Other Measures) Bill 2012

Type
Government
Portfolio
Health and Ageing
Originating house
House of Representatives
Status
Act
Parliament no
43

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Summary

Amends the:

Private Health Insurance Act 2007
to: remove the Private Health Insurance Incentive Benefit (the rebate) from the Lifetime Health Cover loading component of affected private health insurance premiums; and cease the Incentive Payments Scheme which allows people to claim the rebate as a direct payment; and
Income Tax Assessment Act 1936
,
Income Tax Assessment Act 1997
and
Taxation Administration Act 1953
to make consequential amendments.