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.