Circular No 09/08

General PHIAC Circulars

 

Circular No 09/08

Contact Officers:
Luke Paten (02) 6215 7915
email: luke.payten@phiac.gov.au

Replaces Circular: NA

1 July 2009

PDF Format:

Circ 09/08

 Capital Adequacy Standard – Market Yield Rate June 2009

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 2009 is 3.389% per annum.

The investment earnings rate as prescribed in Schedule 3 of the Private Health Insurance (Health Benefits Fund Administration Rules) 2007 is 2.389% per annum.