Pt 2-20 inserted by No 56 of 1997.
Div 61 inserted by No 56 of 1997.
Subdiv 61-G substituted for Subdiv 61-H by No 32 of 2007, s 3 and Sch 3 item 9, applicable in relation to the 2007-2008 income year and later income years.
S 61-220 repealed by No 26 of 2012, s 3 and Sch 1 item 5, applicable in relation to premiums, and amounts in respect of premiums, paid on and after 1 July 2012. S 61-220 formerly read:
SECTION 61-220 How to work out the incentive amount
61-220(1) The incentive amount for a complying private health insurance policy (within the meaning of the Private Health Insurance Act 2007) for an income year is the amount worked out under this table:
|Item||Number and kinds of people covered by the policy||Policy covers *hospital treatment but not *general treatment||Policy covers *general treatment but not *hospital treatment||Policy covers *hospital treatment and *general treatment|
|1||3 or more people||$350||$100||$450|
|2||One dependent child and one other person||$350||$100||$450|
|3||2 people neither of whom is a dependent child||$200||$50||$250|
61-220(2) If the amount of the premium, or the amount in respect of a premium, paid by you, or by your employer as a *fringe benefit for you, under the policy is for part only of the income year, the incentive amount is worked out using this formula:
|Amount worked out under subsection (1) x||Number of days in that part|
of the income year
S 61-220 inserted by No 32 of 2007, s 3 and Sch 3 item 9, applicable in relation to the 2007-2008 income year and later income years.