Convert a private health insurer to for profit status

Private health insurance

Who needs to apply to convert to for profit status?

Private health insurers operating Health Benefits Funds need to apply to convert to for profit status.

Apply to change to for profit status

Applicants should read the following application and guidance material, before applying to convert to for profit status with APRA.  Private health insurers are encouraged to discuss any proposed application with their responsible supervisor before lodging the application.

Application form for private health insurer conversion to for profit status PDF 154.13 KB
Instruction guide for private health insurer conversion to for profit status PDF 517.67 KB

Schedule of fees

No fees currently apply for applications by Private Health Insurers to convert to for profit status.

More information

Please contact your APRA Responsible Supervisor for more information.

Footnotes

    The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding around $10.6 trillion in assets for Australian depositors, policyholders and superannuation fund members.