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.