Circular No 08/16

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Circular No 08/16

Contact Officers:
 Hoa Nguyen (02) 6215 7979
email: how.nguyen@phiac.gov.au

Replaces Circular: NA

1 July 2008

PDF Format:

Circ 08/16
CAPITAL ADEQUACY STANDARDS – MARKET YIELD RATE JUNE 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 30 June 2008 is 6.930% per annum.

The investment earnings rate as prescribed in Schedule 3 of the Private Health Insurance (Health Benefits Fund Administration Rules) 2007 is 5.930% per annum.