Approval to merge or acquire health benefit funds

Private health insurance

Who needs to apply?

The application must be made jointly by the transferor and the transferee private health insurer.

How to apply to merge or acquire health benefit funds

Applicants should read the following application and guidance material, before applying for approval of merger and acquisition of health benefit funds with APRA. Private health insurers are encouraged to discuss any proposed application with their APRA Responsible Supervisor before lodging the application.

Schedule of fees

You must pay a non-refundable application fee of $11,000 when you lodge your application. 

The application fee can be paid by cheque (made payable to APRA) or electronic funds transfer (EFT). Please contact your APRA Responsible Supervisor for EFT details.

More information

Please contact your APRA Responsible Supervisor to discuss making any private health insurance notification and application form lodgements with APRA.

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.