Footnotes

Chapter 1 - Introduction

[1]        Journals of the Senate, 2013–15, no. 93 (13 May 2015), p. 2585.

[2]        In this report, the bills are abbreviated to the Prudential Supervision Bill, Consequential Amendments Bill, Collapsed Insurer Levy Amendment Bill, Risk Equalisation Levy Amendment Bill and Supervisory Levy Imposition Bill 2015 respectively.

[3]        Australian Government, Budget Measures 2014–15: Budget Paper No. 2, May 2014, p. 70.

[4]        Australian Prudential Regulation Authority (APRA), Submission 3, p. 3.

[5]        That is, the bills provide for the continued imposition of levies upon the private health insurance industry to fund APRA's supervision of the industry and the Risk Equalisation Trust Fund, and to continue arrangements for a levy to be imposed in the case of a private health insurers' collapse. Explanatory Memorandum, pp. 7, 10–11 and 205.

[6]        Explanatory Memorandum, p. 193 [paragraph 12.3].

Chapter 2 - Principal issues

[1]        See hirmaa, Submission 1, p. 2; Bupa, Submission 2, p. 1.

[2]        Explanatory Memorandum, p. 10 [paragraph 1.6].

[3]        The Hon Josh Frydenberg MP, Assistant Treasurer, Proof House of Representatives Hansard, 27 May 2015, p. 14.

[4]        Private Healthcare Australia, Submission 4, p. 1.

[5]        Bupa, Submission 2, pp. 6–7.

[6]        These drafts, and an accompanying discussion paper, were issued on 31 March 2015.

[7]        APRA, Submission 3, p. 1.

[8]        APRA, Submission 3, p. 4.

[9]        Bupa, Submission 2, p. 6; Private Healthcare Australia, Submission 4, p. 5.

[10]      Bupa, Submission 2, p. 6.

[11]      Department of Health, Submission 5, p. 4.

[12]      Treasury, Submission 7, Attachment 1, p. 2.

[13]      Explanatory Memorandum, p. 135 [paragraphs 11.44–11.45].

[14]      Bupa, Submission 2, pp. 1–2.

[15]      Private Healthcare Australia, Submission 4, p. 4.

[16]      Bupa, Submission 2, pp. 1–2.

[17]      Private Healthcare Australia, Submission 4, p. 4.

[18]      Treasury, Submission 7, Attachment 1, p. 1.

[19]      Treasury, Submission 7, Attachment 1, p. 1.

[20]      In its submission, Bupa referred to these provisions as the 'proposed new Division 2, Section 22 of the Private Health Insurance (Council Administration Levy) Bill'. The Private Health Insurance (Council Administration Levy) Act 2003 would be repealed following the passage of the Consequential Amendments Bill.

[21]      Bupa, Submission 2, p. 2. A similar point was made by the Private Healthcare Australia: see Submission 4, p. 5.

[22]      Explanatory Memorandum, p. 180 [paragraph 11.319].

[23]      Treasury, Submission 7, Attachment 1, p. 3.

[24]      Explanatory Memorandum, p. 157 [paragraphs 11.187–11.188].

[25]      Bupa, Submission 2, p. 2.

[26]      Department of Finance, 'An Introduction to Special Accounts', Finance Circular, no. 2009/01, www.finance.gov.au/sites/default/files/FC-2009-01.pdf (accessed 11 June 2015), p. 4.

[27]      Treasury, Submission 7, Attachment 1, p. 3.

[28]      Bupa, Submission 2, p. 3.

[29]      Bupa, Submission 2, p. 3.

[30]      Bupa, Submission 2, p. 3.

[31]      Bupa, Submission 2, p. 4.

[32]      Treasury, Submission 7, Attachment 1, p. 3.

[33]      Explanatory Memorandum, p. 72, [paragraph 5.25]. This was also noted in Treasury's submission: see Submission 7, Attachment 1, p. 3.

[34]      Prudential Supervision Bill, subclause 130(1).

[35]      Bupa, Submission 2, p. 4.

[36]      Medibank Private, Submission 6, p. 2.

[37]      Medibank Private, Submission 6, p. 2.

[38]      Treasury, Submission 7, Attachment 1, p. 4.

[39]      For example, subclause 127(1) states that the 'powers in this Division may only be exercised: (a) for the purposes of this Act; or (b) for the purposes of the risk equalisation levy legislation.

[40]      Private Healthcare Australia, Submission 4, p. 3.

[41]      APRA, Submission 3, p. 3.

[42]      APRA, Submission 3, p. 4.

[43]      See Prudential Supervision Bill, clause 167.

[44]      Department of Health, Submission 5, p. 6.

[45]      APRA, Submission 3, p. 4.

[46]      APRA, Submission 3, p. 6.

[47]      PHIAC, 'Powers of the Council', http://phiac.gov.au/industry/regulatory-framework/‌enforcement/ (accessed 11 June 2015).

[48]      Private Healthcare Australia, Submission 4, p. 4.

[49]      Private Healthcare Australia, Submission 4, p. 4.

[50]      APRA, Submission 3, p. 5.

[51]      APRA, Submission 3, p. 5.

[52]      APRA, Submission 3, p. 5.

[53]      Private Healthcare Australia, Submission 4, p. 3.

[54]      The term 'reviewable decision' is not included in clause 4 (which provides a list of defined terms used in the legislation). It may be useful if the following words were included in clause 4: 'reviewable decision has the meaning given in section 168'. This approach is used in other Acts, such as the Aged Care Act 1997.

[55]      See PHI Act, section 328-5, table item 33.

[56]      Bupa, Submission 2, p. 4.

[57]      Private Healthcare Australia, Submission 4, p. 3.

[58]      APRA, Submission 3, p. 6.

[59]      APRA, Submission 3, p. 6.

[60]      APRA, Submission 3, p. 6.

[61]      Treasury, Submission 7, Attachment 1, p. 4.

[62]      Explanatory Memorandum, p. 92 [paragraph 6.54].

[63]      Medibank Private, Submission 6, p. 3.

[64]      Senate Standing Order 25(2A).

[65]      Senate Standing Committee for the Scrutiny of Bills, Alert digest, 2007, no. 6, p. 26.

[66]      Medibank Private, Submission 6, p. 4.

[67]      Explanatory Memorandum, p. 21 [paragraph 3.8].