Circular No 04/17

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Circular No 04/17

Contact Officers:
 Paul Groenewegen (02) 6215 7966
email: paul.groenewegen@phiac.gov.au

Replaces Circular: n/a

5 October 2004

PDF Format:

Circ 04/17
CAPITAL ADEQUACY STANDARD – MARKET YIELD RATE

PHIAC has determined that the market yield applicable to the calculation of the Renewal Option Reserve to be applied by all Registered Health Benefits Organisations for the quarter ended 30 September 2004 is 5.097%.

The investment earnings rate as prescribed by Division 2.8 of the Health Benefits Organizations – Interpretation Standard 2003 is 4.097%.