Circular No 08/07

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Circular No 08/07

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

Replaces Circular: NA

2 April 2008

PDF Format:

Circ 08/07
CAPITAL ADEQUACY STANDARDS – MARKET YIELD RATE MAR 2008

PHIAC has determined that the market yield applicable to the calculation of the Renewal Option Amount to be applied by all private health insurers for the quarter ended 31 March 2008 is 6.441% per annum.

The investment earnings rate as prescribed in Schedule 3 of the Private Health Insurance (Health Benefits Fund Administration Rules) 2007 is 5.441% per annum.