66‑10 Minister’s approval of premiums66‑10 Minister’s approval of premiums

66‑10 Minister’s approval of premiums (1) A private health insurer that proposes to change the premiums charged under a *complying health insurance product must apply to the Minister for approval of the change: (a) in the *approved form; and (b) at least 60 days before the day on which the insurer proposes the change to take effect. (2) The application may propose different changes for policies in the *product, but the proposed changed amount must be the same for each policy in the product that belongs to the same *product subgroup. (3) The Minister must, by written instrument, approve the proposed changed amount or amounts, unless the Minister is satisfied that a change that would increase the amount or amounts would be contrary to the public interest. (4) If the Minister approves the proposed changed amount or amounts, the approval has effect: (a) from the day specified in the approval as the day the change takes effect; and (b) until replaced by another approval for the *product under this section. (6) If the Minister refuses to approve the proposed changed amount or amounts, the Minister must table the Minister’s reasons for refusal in each House of the Parliament no later than 15 sitting days of that House after the refusal. (7) An instrument made under subsection (3) is not a legislative instrument.