Approval for the Termination of Health Benefits Funds - Australian Government

Service summary

You will require this approval if you operate as a registered private health insurer and intend to terminate one or all of your health benefits funds.

A health benefits fund is one established by a private health insurer, which relates solely to a health insurance business or a particular part of that business.

Please consult the Contact Officer for more information.

Service type

Licence

A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.

Eligibility requirements

To be eligible for this approval you must satisfy the Agency that:

  • You are not in the process of being wound up;
  • Each of your health benefits funds comply with prudential standards relating to capital adequacy or solvency that apply in relation to the funds; and
  • In relation to each of the funds, termination of the fund will not result in unfairness to the policy holders of the fund.

Please consult the Contact Officer for more information regarding eligibility requirements.

Duration

Ongoing.

Fees

 TypeDescription
ApplyApplication

No fees are required.

Forms

 Resources
Apply

Approval for the Termination of Health Benefits Funds - Please consult the Contact Officer for information on forms to be submitted.

Administering agency

Australian Prudential Regulation Authority

Act(s) name

Private Health Insurance (Prudential Supervision) Act 2015 (Australian Government)

Contact details

APRA Enquiries Line
Australian Prudential Regulation Authority


Operating address:
Level 2
10-12 Brisbane Ave
Barton
Australian Capital Territory 2600
Mailing address:
GPO Box 9836
Canberra City
Australian Capital Territory 2601

Phone:

1300558849

Fax:

02 62135251
contactapra@apra.gov.au

APRA Enquiries Line
Australian Prudential Regulation Authority


Operating address:
Level 21, Casselden Place
2 Lonsdale Street
Melbourne
Victoria 3000
Mailing address:
GPO Box 9836
Melbourne
Victoria 3001

Phone:

1300558849

Phone:

03 92467500

Fax:

03 96635085
contactapra@apra.gov.au

APRA Enquiries Line
Australian Prudential Regulation Authority


Operating address:
Level 5
5 Mill Street
Perth
Western Australia 6000
Mailing address:
GPO Box 9836
Perth
Western Australia 6001

Phone:

1300558849

Phone:

08 94206100

Fax:

08 94818142
contactapra@apra.gov.au

APRA Enquiries Line
Australian Prudential Regulation Authority


Operating address:
Level 26
400 George Street
Sydney
New South Wales 2000
Mailing address:
GPO Box 9836
Sydney
New South Wales 2001

Phone:

1300558849

Phone:

08 82353200

Fax:

08 82353200
contactapra@apra.gov.au

APRA Enquiries Line
Australian Prudential Regulation Authority


Operating address:
Level 22
25 Grenfell Street
Adelaide
South Australia 5000
Mailing address:
GPO Box 9836
Adelaide
South Australia 5001

Phone:

1300558849

Phone:

08 82353200

Fax:

08 82353222
contactapra@apra.gov.au

APRA Enquiries Line
Australian Prudential Regulation Authority


Operating address:
Level 26
400 George Street
Sydney
New South Wales 2000
Mailing address:
GPO Box 9836
Sydney
New South Wales 2001

Phone:

1300558849

Phone:

02 92103000

Fax:

02 92103411
contactapra@apra.gov.au

APRA Enquiries Line
Australian Prudential Regulation Authority


Operating address:
Level 21, Casselden Place
2 Lonsdale Street
Melbourne
Victoria 3000
Mailing address:
GPO Box 9836
Melbourne
Victoria 3001

Phone:

1300558849

Phone:

03 92467500

Fax:

03 96635085
contactapra@apra.gov.au

APRA Enquiries Line
Australian Prudential Regulation Authority


Operating address:
Level 9
500 Queen Street
Brisbane City
Queensland 4000
Mailing address:
GPO Box 9836
Brisbane
Queensland 4001

Phone:

1300558849

Phone:

07 30018500

Fax:

07 30018501
contactapra@apra.gov.au

Disclaimer

The information contained on the Australian Business Licence and Information Service (ABLIS) web site, or via packages or other sources is intended for general guidance only.

To the full extent permitted by law, the Federal, State, Territory and Local Governments make no representations or warranties (expressed or implied) in relation to the information, including its accuracy, currency or completeness.

The business information provided does not constitute professional or legal advice, nor is the use of any third party resource an endorsement of the information contained, the associated organisation, product or service. It is recommended that you obtain appropriate professional and /or independent legal advice to ensure that the material provided here is relevant to your particular circumstances.

To the full extent permitted by law the Federal, State, Territory and Local Governments, their employees and agents do not accept any liability for any reason, including without limitation, liability in negligence, to any person for the general information which is provided herein, or in respect of anything, including the consequences of anything done, or not done, by any such person in whole or partial reliance upon the information.