South Australian Consolidated Acts South Australian Consolidated Acts5—Restriction on certain business
(1) An association
shall not carry on medical benefit business or hospital benefit business
unless—
(a) it
is carrying on that business at the time of the passing of this Act; or
(b) it
is registered as a medical benefits organisation or a hospital benefits
organisation under the Commonwealth Act entitled the National Health
Act 1953 , as amended (or any corresponding subsequent enactment) or the
regulations thereunder.
(2) In this
section—
"hospital benefit business" means the business of making and carrying out
contracts under which an association in consideration of the payment of
contributions undertakes to make payments to contributors or others in respect
of any hospital treatment in relation to which benefit is payable under the
laws of the Commonwealth;
"medical benefit business" means the business of making and carrying out
contracts under which an association in consideration of the payment of
contributions undertakes to make payments to contributors or others in respect
of any medical services in relation to which benefit is payable under the laws
of the Commonwealth.
(3) The Minister may
at his discretion grant an exemption from this section to any association
which has made a deposit with the Treasurer of the Commonwealth under the
Insurance Act 1932 , as amended (or any corresponding subsequent
enactment) of the Commonwealth.