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02 Jul 14 Lodgment of Private Health Insurance Information

The ATO has made a legislative instrument which details the information required to be reported to the Commissioner of Taxation by the Chief Executive Medicare about persons who were members of complying private health insurance funds each financial year: Lodgment of Private Health Insurance Information in Accordance with the Private Health Insurance Act 2007 (Legislative Instrument F2014L00869; registered 28 June 2014).

The instrument also revokes the previous instrument, Lodgment of Private Health Insurance Information in Accordance with the Private Health Insurance Act 2007 (F2013L01587).

The legislative instrument has been amended as a result of recent amendments to the Private Health Insurance Act 2007 to remove the Australian Government rebate on private health insurance from the Lifetime Health Cover loading from 1 July 2013, the introduction of income testing the Australian Government rebate on private health insurance and annual adjustment of rebate percentages from 1 April 2014.

 

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