Application and commencement

1. This Prudential Standard applies to all private health insurers except where expressly noted otherwise.
2. A private health insurer must apply this Prudential Standard separately to each of its health benefits funds and its general fund, unless otherwise noted. The term ‘private health insurer’ refers to the private health insurer as a whole. The term ‘fund’ refers to each health benefits fund and the general fund, unless otherwise noted.
3. This Prudential Standard applies to private health insurers from 1 January 2026.