6Imposition of risk equalisation levy

6 Imposition of risk equalisation levy

(1) Risk equalisation levy is imposed on each private health insurer: (a) on each day specified in the Private Health Insurance (Risk Equalisation Levy) Rules as a risk equalisation levy day for a financial year; and (b) on each day (if any) determined by the Minister, by legislative instrument, as a supplementary risk equalisation levy day for a financial year. (2) The Private Health Insurance (Risk Equalisation Levy) Rules must not specify more than 4 levy days for a financial year. (3) The determination by the Minister must not specify more than 2 supplementary levy days for a financial year.