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Private Health Insurance (Prudential Supervision) Act 2015
22Simplified outline of this Part
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#### 22 Simplified outline of this Part
A private health insurer must have at least one health benefits fund.
> Note: Part 4‑4 of the Private Health Insurance Act 2007 defines the concept of a health benefits fund as well as other key concepts related to health benefits funds.
There are regimes governing:
(a) how health benefits funds are operated; and
(b) changing the health benefits fund to which a policy of insurance is referable; and
(c) terminating health benefits funds; and
(d) external management of health benefits funds.
APRA may require private health insurers to remedy contraventions of this Part.