(1) A private health insurer may apply under the new Act to become a participating insurer for the purposes of that Act on or after 1 July 2007.
Note: Before 1 July 2007, applications may still be made under the Private Health Insurance Incentives Act 1998 .
(2) If, immediately before 1 July 2007, a private health insurer was a participating fund for the purposes of the Private Health Insurance Incentives Act 1998 , that insurer is taken to be a participating insurer for the purposes of Part 2 - 2 and Part 6 - 4 of the new Act.
(3) Subsection (2) does not prevent the Minister revoking the insurer's status as a participating insurer under section 206 - 1 of the new Act.