Josh Frydenberg (Kooyong, Liberal Party, Assistant Treasurer) Share this | Link to this | Hansard source

I move:

That this bill be now read a second time.

The Private Health Insurance (Collapsed Insurer Levy) Amendment Bill 2015 is one of three bills in this package which provide for the continued imposition of levies upon the private health insurance industry.

This bill will amend the Private Health Insurance (Collapsed Insurer Levy) Act 2003tohelp facilitate thetransfer of responsibility for the administration and collection of the collapsed insurer levy from the council and the health minister to APRA and a Treasury minister.

The Private Health Insurance (Collapsed Insurer Levy) Act 2003 establishes the legislative framework for the imposition and calculation of a levy to recover the cost of meeting a collapsed insurer's liabilities to the people insured under its complying health insurance policies that it is unable to meet itself.

The full details of the amendments are contained in the explanatory memorandum.

Debate adjourned.