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Circular No 07/01

Home » Circulars » 2007 » 07/01

General PHIAC Circulars

Circular No 07/01

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

Replaces Circular: NA

4 January 2007

PDF Format:

Circ 07/01

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 31 December 2006 is 6.241%.

The investment earnings rate as prescribed by Division 2.8 of the Health Benefits Organizations – Interpretation Standard 2005 is 5.241%.