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Glossary

 
 
Abbreviation Full Title
ABS Australian Bureau of Statistics
ACCC Australian Competition and Consumer Commission
AIHW Australian Institute of Health and Welfare
ANAO Australian National Audit Office
APRA Australian Prudential Regulation Authority
ARCC The Audit, Risk and Compliance Committee of the Council
ASIC Australian Securities and Investments Commission
Capital Standards, the The Capital Adequacy and Solvency Standards—as established in Divisions 140 and 143 of the PHI Act
Council, the The decision-making body of PHIAC
DoH Department of Health (formally the Department of Health and Ageing)
EMC Executive Management Committee
EPBC Act Environment Protection and Biodiversity Conservation Act 1999
FMA Act Financial Management and Accountability Act 1997
FOI Act Freedom of Information Act 1982
Fund The health benefits fund or funds conducted by an insurer registered under the PHI Act
Industry, the The private health insurance industry
Insurer A private health insurer registered under the PHI Act
IAIS International Association of Insurance Supervisors
IPO Initial Public Offering
IPS Information Publication Scheme
MoU Memorandum of Understanding
MPL Medibank Private Ltd
OBPR Office of Best Practice Regulation
PGPA Act Public Governance, Performance and Accountability Act 2013
PGPA Rule Public Governance, Performance and Accountability Rule 2014
PHI Private health insurance
PHIPS Act Private Health Insurance (Prudential Supervision) Act 2015
PHIAC Private Health Insurance Administration Council
PHIO Private Health Insurance Ombudsman
Prudential Standards Industry standards made under Division 163 of the PHI Act
RETF Risk Equalisation Trust Fund
RIS Regulatory Impact Statement
SOP Standard Operating Procedure
WHS Act Workplace Health and Safety Act 2011
 
Symbols Description
- nil or rounded to zero
% per cent