Registration as a Private Health Insurer - Australian Government

Service summary

You will require this registration if you intend to operate as a private health insurer and carry on a health insurance business.

You can either be registered as a:

  • For profit insurer; or
  • A restricted access insurer.

A restricted access insurer is a company that, under its rules or constitution, only provides insurance policies and products to a specific group of people, trade, industry or particular employer. Restricted access insurers cannot issue insurance policies to anyone who does not belong to the group.

After being registered as a restricted access insurer you can apply to convert to a for profit insurer.

As a registered insurer you must always have a health benefits fund or funds.

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 registration you must:

  • Be an Australian corporation or constitutional corporation;
  • Provide a copy of your proposed rules;
  • Satisfy the Agency that your rules do not permit improper discrimination;
  • Specify whether you want to be registered as a for profit insurer or a restricted access insurer;
  • Satisfy the Agency that you are capable of complying with the obligations of private health insurers; and
  • Outline the number of persons who will contribute, or are likely to contribute, to any of the funds proposed to be conducted and the proposed premium.

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

Duration

Ongoing unless cancelled.

Fees

 TypeDescription
ApplyApplication

Please consult the Contact Officer for information on fees to be submitted.

Administering agency

Australian Prudential Regulation Authority

Act(s) name

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

Regulation(s) name

Private Health Insurance (Registration) Rules 2015 (Australian Government)

Contact details

Enquiries
Australian Prudential Regulation Authority

Phone:

02 8037 9015

Toll Free:

1300 558 849

Contact us website:

http://www.apra.gov.au/Pages/Contact-APRA.aspx Opens in a new browser window

Website:

Australian Prudential Regulation Authority Opens in a new browser window

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.