23‑15 Application to register as a parti23‑15 Application to register as a participant in the premiums reduction scheme

23‑15 Application to register as a participant in the premiums reduction scheme (1) A person may apply to a private health insurer, in the *approved form, to become a *participant in the *premiums reduction scheme in respect of a *complying health insurance policy issued by the insurer if: (a) the insurer is a *participating insurer; and (b) the person is a *PHIIB in respect of a premium paid or payable under the policy; and (c) the person meets any requirements specified in the Private Health Insurance (Incentives) Rules for the purposes of this paragraph. (2) A private health insurer that receives an application under subsection (1) must notify the Chief Executive Medicare of the application no more than 7 business days (or any other period determined by the Chief Executive Medicare under subsection (4)) after receiving the application. (3) A notice under subsection (2) must: (a) be given electronically in accordance with the electronic system approved by the Chief Executive Medicare under section 333‑16 for the purposes of this paragraph; and (b) include the information required by that system to be included in the notice; and (c) be accompanied by any documents required by that system to accompany the notice. (4) The Chief Executive Medicare may, by legislative instrument, determine a different period for the purposes of subsection (2).