Approval of a Merger and Acquisition of Health Insurance Funds Arrangement - Australian Government


You will require this approval if you intend to merge two or more health insurance funds under an arrangement. Any restructuring of your health benefit fund in which insurance policies are transferred to another health benefit fund or to your own fund from another company requires an approval.

You should contact your APRA Responsible Supervisor before applying.

Service type


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 or provide to the Agency:

  • that restructure will not result in unfairness to the policy holders of a health benefits fund
  • that the assets and liabilities that would be transferred to the receiving fund or funds represent a reasonable estimate of what would, immediately before the restructure, be the net asset position of the transferring fund or the sum of the net asset positions of each of the funds
  • that the restructure would not violate any prudential standards
  • a copy of your proposed arrangement
  • a copy of your business plan for each receiving fund covering the period of the first 36 months of operation from the transfer date
  • reports from your actuaries
  • certifications of Compliance from the Board of the insurer or other governing body that the arrangement meets all requirements.




Fees Details for this service in table format.

Task Type Business Structure Description
Apply Application All

No fees are required.


Act(s) name

Private Health Insurance (Prudential Supervision) Act 2015 Australian Government

Regulation(s) name

Private Health Insurance (Prudential Supervision) Rules 2019 Australian Government

Administering agency

Australian Prudential Regulation Authority

Contact details

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.