|
|
- Oswald Barrett
- 8 years ago
- Views:
Transcription
1
2
3
4
5
6 Deloitte Access Economics Pty Ltd ACN Grosvenor Place Level 9, 225 George Street PO Box N250 Sydney, NSW 2000 Competition Policy Review Secretariat The Treasury Langton Crescent PARKES ACT 2600 Tel: Fax: / / Competition issues in the market for the supply of medical prostheses Deloitte Access Economics is pleased to provide this note as part of Applied Medical submission to the Competition Policy Review. The aim of this note is competition issues in the market for the supply of prostheses and the potential implications for competition between the public and private health systems. This note does not seek to provide a detailed examination of all the competition issues in the market for the supply of prostheses, or to provide detailed policy recommendations. However, we are undertaking more detailed analysis of this issue and understand that there will be opportunities to provide further material and discuss these issues in detail with the Review team at a later date. The market for medical prostheses would be a public benefit in encouraging greater competition and choice in sectors with substantial government participation such as health care. The market for medical devices constitutes a significant component of overall expenditure in the health system. Total expenditure by private health insurers on prostheses was estimated to be $1.6 billion in 2012, which is equivalent to just over 10% of the $15.3 billion in total benefits paid to members by private health insurers in 2012 (Private Health Insurance Administration Council 2013). Expenditure on prostheses is also significant in the public system; however, information on total expenditure is not readily available. Statutory framework Under the Private Health Insurance Act 2007, private health insurers must pay mandatory minimum benefits for a range of prostheses that are provided as part of an episode of hospital treatment where a Medicare benefit is payable for the associated professional service. The kinds of prostheses Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms. Liability limited by a scheme approved under Professional Standards Legislation. Member of Deloitte Touche Tohmatsu Limited
7 Page 2 6 June 2014 that need to be covered are set out in the Private Health Insurance (Prostheses) Rules The list of prostheses in these rules is known as the Prostheses List. Suppliers who wish to have their product placed on the list must apply to the Minister of Health. The Prostheses List Advisory Committee (PLAC) in turn advises the Minister on the listing of prostheses and their appropriate benefits. If a device is placed on the list, private health insurers must pay the minimum benefit for its benefit class where it is used in an episode of hospital treatment. Thus, the role of the PLAC is both to assess whether a particular prosthesis meets minimum quality standards to be placed in a particular benefit class and to determine an appropriate minimum benefit for items in that class. Policy purpose The policy purpose of establishing a minimum benefit was to provide a price cap so as to control growth in the cost of prostheses over time and thus the sustainability of the Australian private health insurance system. These changes occurred in response to rapid growth in expenditure on prostheses between 1999 and 2002 (Department of Health and Ageing 2009). Since 2005, expenditure on prostheses per treatment episode has grown below the rate of inflation (Medical Technology Association of Australia 2013). However, while the creation of a minimum benefit to be paid by insurers can help contain the growth of outlays on prostheses or at least create greater certainty about the expected rate of increase in benefits, it also has the potential to constrain innovation in the market. Minimum benefit levels may also in some benefit classes be more reflective of historical pricing than current supplier costs, particularly if suppliers achieve improved economies of scale over time. Getting this balance right is an important challenge for policy makers, with significant implications for competition in the broader health care system. Potential impacts on competition in the market for supply of prostheses While acknowledging the range of policy aims that the current regulatory process for the supply of prostheses seeks to address, there are a number of aspects of the current regulatory and market structure that have the potential to limit competition and innovation. First, those responsible for selecting the prosthesis to be used in any given procedure have reduced incentives to choose the most cost effective device. This occurs because insurers are required to pay the minimum benefit for whichever device is used. This effectively reduces incentives for decisionmakers to consider cost effectiveness in selecting prostheses with comparable health outcomes. Moreover, hospitals may receive prostheses from suppliers at a discounted price or pay a price equal to the minimum benefit but also receive a rebate from suppliers. Since insurers are required to pay the actual minimum benefit as stated in the Prostheses List, hospitals are able to retain any difference between the cost of the item and the minimum benefit. This, in turn, can complicate the incentives faced by market participants. Second, to support competition between products that seek to achieve the same clinical purpose but are placed in different benefit classes, it is important that the processes for listing prostheses in particular benefit categories and the determination of minimum benefit levels for those categories are as transparent as possible. Indeed, the process of classifying devices into different benefit classes combined with the reduced incentives for those who choose which prosthesis to use, has the potential to amplify potential issues of cost effectiveness. For example, if products which perform the same clinical purpose are placed in multiple benefit classes with different minimum benefit
8 Page 3 6 June 2014 levels, decision makers will have reduced incentives to choose the most cost effective device since insurers are required to pay the minimum benefit regardless of which device is chosen. Broader implications for competition between the public and private health system To the extent that the current regulatory and market structure reduces the degree of price competition in the supply of medical devices in procedures performed on private patients, this can have significant implications for competition between public and private health providers. In particular, decision-makers in the private health system have reduced incentives to consider cost effectiveness in choice of prostheses which could ultimately lead to higher premiums for private health insurance and in turn impact the attractiveness of private health insurance for consumers. In this regard, increasing transparency of prostheses pricing through approaches such as benchmarking or price disclosure rules may offer effective mechanisms to enhance competition. Similarly, revisiting the process by which minimum benefit levels are set may help improve competition within and across benefit classes. In conclusion, competition issues in the supply of medical devices have the potential to significantly impact competition between the private and public health system. Deloitte Access Economics is in the process of investigating these issues further, including developing appropriate international comparisons and is keen to provide further advice to the Review on an ongoing basis. References Quarterly Statistics Jun General use restriction This advice is prepared solely for the purpose of a submission to the Competition Policy Review. The advice is not intended to and should not be used or relied upon by anyone else and we accept no duty of care to any other person or entity. The advice has been prepared for the purpose of providing a submission to the Competition Policy Review. You should not refer to or use our name or the advice for any other purpose.
Australian health insurance: extrapolated savings from health and medical research Australian Society for Medical Research
Australian health insurance: extrapolated savings from health and medical research Australian Society for Medical Research 2 June 2012 Pty Ltd ACN: 149 633 116 Dr Paul Dawson, President Australian Society
More informationEstimated company tax, MRRT, carbon tax and royalties expenses for the minerals sector. Report prepared for the Minerals Council of Australia
Estimated company tax, MRRT, carbon tax and royalties expenses for the minerals sector Report prepared for the Minerals Council of Australia September 2013 Dr John Kunkel Deputy Chief Executive Minerals
More informationWe hope that these comments prove useful in finalising the proposed legislation on this issue.
Deloitte Tax Services Pty Ltd ACN 092 223 240 550 Bourke Street Melbourne VIC 3000 GPO Box 78 Melbourne VIC 3001 Australia Tel: +61 3 9671 7000 Fax: +61 3 9671 7001 www.deloitte.com.au By Email General
More information9. INVESTIGATING ACCOUNTANT S REPORT
9. INVESTIGATING ACCOUNTANT S REPORT Deloitte Corporate Finance Pty Limited ACN 003 833 127 AFSL 241457 Eclipse Tower Level 19 60 Station Street Parramatta NSW 2150 PO Box 38 Parramatta NSW 2124 Australia
More informationCustomer Retention Management
Customer Retention Management Course outline 2011 Outcomes In 2011, best practice dealers are getting serious about CRM, this includes: Developing their CRM model Structuring their CRM activities Employing
More informationAustralian business and immigration solutions Planning is your best protection
Australian business and immigration solutions Planning is your best protection Australia welcomes investors with capital and business skills who want to migrate to Australia to establish a business, or
More informationAPPLIED MEDICAL SUBMISSION TO COMPETITION POLICY REVIEW
Applied Medical APPLIED MEDICAL SUBMISSION TO COMPETITION POLICY REVIEW INTRODUCTION 1. Applied Medical supplies, amongst other things, two models of laparoscopic clip appliers which are currently listed
More informationReview of PIRSA s Cost Recovery Policy and practices, including their application to the Fisheries and Aquaculture Industries Primary Industries and
Review of PIRSA s Cost Recovery Policy and practices, including their application to the Fisheries and Aquaculture Industries Primary Industries and Regions SA 29 July 2015 Contents Executive Summary...
More informationMacroeconomic drivers of private health insurance coverage. nib Health Insurance
Macroeconomic drivers of private health insurance coverage nib Health Insurance 1 September 2011 Contents Executive Summary...i 1 Methodology and modelling results... 2 2 Forecasts... 6 References... 8
More informationREIMBURSEMENT UNRAVELLED: Australia s schizophrenic device coverage system
REIMBURSEMENT UNRAVELLED: Australia s schizophrenic device coverage system Clinica provides you with up to the minute coverage and opinion on company, product, market and regulatory developments as well
More informationCompetition Policy Review - Final report. Tuesday May 26 2015
Competition Policy Review - Final report Tuesday May 26 2015 1 mtaa.org.au Medical technology for a healthier Australia www.mtaa.org.au Level 12, 54 Miller St, North Sydney NSW 2060 Australia PO Box 2016
More informationActuaries Institute submission to the Private Health Insurance Review
7 December 2015 The Hon Sussan Ley MP Minister for Health Parliament House CANBERRA ACT 2600 Email: PHIconsultations2015-16@health.gov.au Dear Minister Actuaries Institute submission to the Private Health
More informationFirst Creditors Meetings Tuesday 12 May 2015 1.00PM AEST Orange Function Centre
Pinnacle Drilling Pty Ltd, ACN 052 316 579 Pinnacle Drilling Underground Pty Ltd, ACN 129 163 837 Zig Zag Investments Pty Ltd, ACN 002 053 321 (All Administrators Appointed) ( the Companies ) First Creditors
More informationQueensland Competition Authority SunWater Working Capital Allowance
Queensland Competition Authority SunWater Working Capital Allowance Final report 23 August 2011 Contents 1. Introduction 2 1.1 Context 2 1.2 Terms of reference 2 2. Working capital allowances 3 2.1 The
More informationPerspectives on the Future of Financial Advice (FoFA) Deloitte Deloitte Actuaries & Consultants Limited
Perspectives on the Future of Financial Advice (FoFA) Deloitte Deloitte Actuaries & Consultants Limited Where are we at The Future of Financial Advice (FoFA) journey is a moving feast: Key purpose to remove
More informationEXPLANATORY STATEMENT. Issued by the Authority of the Minister for Health and Ageing. Private Health Insurance Act 2007
EXPLANATORY STATEMENT Issued by the Authority of the Minister for Health and Ageing Private Health Insurance Act 2007 Private Health Insurance (Complying Product) Rules 2007 Section 333-20 of the Private
More informationHow To Get A Fast Online Accounting Service From Stature Arw Accounting
need time to focus on your business? Stature ARW Accounting has a special offer for franchisees/ small business owners, to reduce the time you spend on your financial administration. This will free up
More informationDick Smith Holdings Limited ACN 166 237 841
Appendix 4D Dick Smith Holdings Limited ACN 166 237 841 Half-year financial report For the 26 weeks ended This half-year financial report is provided to the Australian Securities Exchange (ASX) under ASX
More informationExposure Draft ED 259 Classification of Liabilities (Proposed amendments to AASB 101)
Deloitte Touche Tohmatsu ABN 74 490 121 060 Grosvenor Place 225 George Street Sydney NSW 2000 PO Box N250 Grosvenor Place Sydney NSW 1217 Australia DX 10307SSE Tel: +61 (0) 2 9322 7000 Fax: +61 (0) 2 9322
More informationNATIONAL REPORT FOR AUSTRALIA
NATIONAL REPORT FOR AUSTRALIA John M. Newman, Australia THE ACTUARIAL PROFESSION The Institute of Actuaries of Australia has professional responsibility for the conduct of the profession in Australia.
More informationA number of characteristics distinguish the hirmaa member funds (member list attached). They:
14 November, 2014 Professor Ian Harper Chairman, Competition Policy Review Panel c/o- Competition Policy Review Secretariat The Treasury Langton Crescent PARKES ACT 2600 Dear Professor Re: Response to
More informationCORPORATE NEWSLETTER
CORPORATE NEWSLETTER Summer 2014 Page 2 Corporate Newsletter - Summer 2014 CORPORATE NEWSLETTER - SUMMER 2014 Dear Reader, Welcome to our quarterly newsletter which will provide updates and reminders of
More informationCouncil of Financial Regulators: Review of Financial Market Infrastructure Regulation
1 December 2011 Manager, Financial Markets Unit Corporations and Capital Markets Division The Treasury Langton Crescent PARKES ACT 2600 By email: CFR-Review-FMI@treasury.gov.au Dear Treasury Council of
More informationTel: +8 6382 4600 Fax: +8 6382 4601 www.bdo.com.au 38 Station Street Subiaco, WA 6008 PO Box 700 West Perth WA 6872 Australia DECLARATION OF INDEPENDENCE BY BRAD MCVEIGH TO THE DIRECTORS OF FOUNDATION
More informationCLIENT FACT SHEET. If you are under age 65 you may make personal contributions to superannuation on your own behalf.
CLIENT FACT SHEET July 2010 Understanding superannuation and superannuation contributions Superannuation is an investment vehicle designed to assist Australians in saving for their retirement. The Government
More information11 August 2014. Review of Australia s Welfare System CANBERRA ACT 2600. Dear Sir/Madam. Welfare Review Submission
11 August 2014 Review of Australia s Welfare System CANBERRA ACT 2600 Dear Sir/Madam Welfare Review Submission The Financial Services Council (FSC) represents Australia's retail and wholesale funds management
More informationThe New Private Health Insurance Environment. Gayle Ginnane
The New Private Health Insurance Environment Gayle Ginnane Key Reforms Broader health cover Standards product information Changes to Lifetime Healthcover Risk equalisation Pricing Prudential standards
More informationSucceeding with new hospital developments Laying the right technology foundation
Succeeding with new hospital developments Laying the right technology foundation Focusing on the right elements Information technology is changing how people use clinical spaces. In the digital hospital,
More informationFUTURE OF FINANCIAL ADVICE - BAN ON COMMISSIONS IMPACT ON STOCKBROKERS
30 June 2011 Dr Richard Sandlant Manager, Future of Financial Advice Unit Department of the Treasury Langton Crescent Parkes ACT 2600 Dear Dr Sandlant FUTURE OF FINANCIAL ADVICE - BAN ON COMMISSIONS IMPACT
More informationExpanding the coverage of private disability insurance to reduce the economic burden of social disability insurance. The Financial Services Council
Expanding the coverage of private disability insurance to reduce the economic burden of social disability insurance The Financial Services Council March 2014 Contents Glossary... i Executive summary...
More informationHeads Up Presentation of Research & Development (R&D) tax offset
Assurance & Advisory Issue: 2014/02 2 May 2014 Heads Up Presentation of Research & Development (R&D) tax offset Background Guidance in Accounting Standards Presentation choices and impact on financial
More informationTax highlights. Key developments this week. 10 November 2014. Contents:
Tax highlights 10 November 2014 Contents: Key developments OECD releases discussion draft on Action 7 of BEPS Action Plan OECD releases discussion draft on Action 10 of BEPS Action Plan Weekly tax news
More informationMLC Insurance. Making your insurance even better. MLC Life Cover Super and MLC Personal Protection Portfolio
MLC Insurance Making your insurance even better MLC Life Cover Super and MLC Personal Protection Portfolio Effective from: 12 November 2010 We ve made a number of improvements including: keeping your insurance
More informationMIKOH Corporation Limited. Appendix 4D
MIKOH Corporation Limited Appendix 4D INTERIM FINANCIAL REPORT FOR THE HALF YEAR ENDED 31 DECEMBER 2008 Period 1 July 2008 to 31 December 2008 (Previous Corresponding Period 1 July 2007 to 31 December
More informationBruce Gerald Flint. Liability limited by a Scheme approved under Professional Standards Legislation
ABN 65 103 438 277 It s all about money. PO BOX 249 South Hurstville NSW 2221 DX 11319 Hurstville Tel: 02 9584 1474 Fax: 02 9584 1475 E-mail: action@flintforensics.com.au Website: www.flintforensics.com.au
More informationCharities Bill 2013 and the Charities (Consequential Amendments and Transitional Provisions) Bill 2013
3 May 2013 Manager Philanthropy and Exemptions Unit Indirect, Philanthropy and Resource Tax Division The Treasury Langton Crescent PARKES ACT 2600 By email: charities@treasury.gov.au Dear Treasury Charities
More informationThe NSW Business Chamber welcomes the opportunity to provide a submission to the Single Touch Payroll (STP) discussion paper.
11 March 2015 Australian Tax Office GPO Box 9990 Canberra ACT 2601 Via email Dear Sir / Madam, Submission on Single Touch Payroll The NSW Business Chamber welcomes the opportunity to provide a submission
More informationIndividual members of ADMA will address other aspects of the Consultation Paper.
20 March 2009 SCOCA Australian Consumer Law Consultation Competition and Consumer Policy Division Treasury Langton Crescent PARKES, ACT 2600 Via email: australianconsumerlaw@treasury.gov.au Dear SCOCA,
More informationThe Companies Act Audit requirement and other matters related to the audit
The Companies Act Audit requirement and other matters related to the audit 1 Next The Act provides the Minister of Trade and Industry with As stated above, the Act requires public companies and state owned
More informationProfessional Indemnity Insurance for Eligible Midwives
Professional Indemnity Insurance for Eligible Midwives Information Booklet Practise with confidence From 1 July 2010 IMPORTANT This document has been prepared to provide eligible midwives with key information
More informationTHE NSW COMPULSORY THIRD PARTY GREEN SLIP INSURANCE SCHEME: SUBMISSION TO THE CONSULTATION ON THE PROPOSED REFORMS
The Hon Greg Pearce MLC Minister for Finance & Services Minister for the Illawarra 5 April 2013 Dear Minister THE NSW COMPULSORY THIRD PARTY GREEN SLIP INSURANCE SCHEME: SUBMISSION TO THE CONSULTATION
More informationFor personal use only
General Purpose Financial Statements For the Half-Year Ended 31 December 2013 Financial Statements CONTENTS Pages Directors Report 2 Auditor s Independence Declaration 4 Independent Review Report 5 Directors
More informationSubmission to the National Commission of Audit (Health and related expenditure) December 2013
Submission to the National Commission of Audit (Health and related expenditure) December 2013 Introduction Private Healthcare Australia is the industry association representing the 23 leading private health
More information10 minutes on... post FOFA rewards
September 2012 What you need to know about emerging topics essential to your business. 10 minutes on... post FOFA rewards Brought to you by PwC. Highlights With the FOFA deadline looming and ASIC regulatory
More informationSubmission to the Commonwealth Consumer Affairs Advisory Council on Credit card surcharges and non-transparent transaction fees: a study
Submission to the Commonwealth Consumer Affairs Advisory Council on Credit card surcharges and non-transparent transaction fees: a study June 2013 Credit card surcharges and non-transparent transaction
More informationHalf Year Financial Results
16 August 2012 Manager ASX Market Announcements Australian Securities Exchange Level 4, 20 Bridge Street Sydney NSW 2000 Manager Market Information Services Section New Zealand Stock Exchange Level 24,
More informationRetirement incomes. Aisur. Submission to the Tax White Paper Task Force. July 2015
Retirement incomes Submission to the Tax White Paper Task Force July 2015 Executive summary 2015 1 Background The Australian retirement income system comprises three pillars: a publicly funded means tested
More informationSuperannuation Legislation Amendment (Governance) Bill 2015
23 July 2015 T +61 2 9223 5744 F +61 2 9232 7174 E info@governanceinstitute.com.au Level 10, 5 Hunter Street, Sydney NSW 2000 GPO Box 1594, Sydney NSW 2001 W governanceinstitute.com.au Manager Insurance
More informationOptus Submission to Productivity Commission Inquiry into National Frameworks for Workers Compensation and Occupational Health and Safety
Optus Submission to Productivity Commission Inquiry into National Frameworks for Workers Compensation and Occupational Health and Safety June 2003 Overview Optus welcomes the opportunity to provide this
More informationElectricity network services. Long-term trends in prices and costs
Electricity network services Long-term trends in prices and costs Contents Executive summary 3 Background 4 Trends in network prices and service 6 Trends in underlying network costs 11 Executive summary
More informationInformation Paper. Investigation into prices for electricity and water services in the ACT
Information Paper Investigation into prices for electricity and water services in the ACT DECEMBER 2002 INDEPENDENT COMPETITION AND REGULATORY COMMISSION INFORMATION PAPER INVESTIGATION INTO PRICES FOR
More informationFinancial Services and Credit Guide
Issued on 27 April 2012 Helping you make the most of life Financial Services and Credit Guide RI Advice Group Pty Ltd ABN 23 001 774 125 Australian Financial Services Licence 238429 Australian Credit Licence
More informationNational Disability Insurance Scheme (NDIS): Funding the Unfunded Commitment
National Disability Insurance Scheme (NDIS): Funding the Unfunded Commitment prepared for the Insurance Council of Australia April 2012 NDIS is currently a $6.5 billion per annum unfunded commitment this
More informationAPPENDIX 23 ATTACHMENT 1. City of Joondalup. 2014 Review of Financial Management Systems and Procedures. March 2015
APPENDIX 23 ATTACHMENT 1 City of Joondalup 2014 Review of Financial Management Systems and Procedures March 2015 Deloitte Touche Tohmatsu ABN 74 490 121 060 Woodside Plaza Level 14 240 St Georges Terrace
More informationImplications of change in Government
Australia 92 outstanding tax and superannuation measures revisited by new Government Implications of change in Government Since the last update, Australia has had a change of Government. The centre-right
More informationTreasury Circular. Payment of Accounts
Payment of Accounts Treasury Circular NSW TC 11/12 14 July 2011 This Circular specifies the Government s payment of accounts policy, including new requirements, effective from 14 July 2011, for agencies
More informationElectricity and Gas Supply Legislation Amendment (Retail Price Disclosures and Comparisons) Act 2010 No 50
New South Wales Electricity and Gas Supply Legislation Amendment (Retail Price Disclosures Contents Page 1 Name of Act 2 2 Commencement 2 Schedule 1 Amendments 3 New South Wales Electricity and Gas Supply
More informationALL NATION FINANCE PTY LTD ATF THE ALL NATION UNIT TRUST TRADING AS ALL NATION FINANCE
CREDIT GUIDE & QUOTE ALL NATION FINANCE PTY LTD ATF THE ALL NATION UNIT TRUST TRADING AS ALL NATION FINANCE ABN: 68 686 536 129 Address: 10 Lancaster Road, Wangara WA 6065 Australian Credit Licence No:
More informationPredictive Analytics World San Francisco 2014 Key out-takes
Predictive Analytics World San Francisco 2014 Key out-takes IAPA Qld 8 May 2014 General Themes What are the hot topics? Big Data and Hadoop/in-memory analytics Crowd sourcing predictive analytics- Kaggle
More informationMicrosoft appreciates the opportunity to respond to the Cloud Computing Consumer Protocol: ACS Discussion Paper July 2013 (the protocol).
Microsoft Submission to ACS Cloud Protocol Discussion Paper General Comments Microsoft appreciates the opportunity to respond to the Cloud Computing Consumer Protocol: ACS Discussion Paper July 2013 (the
More informationEconomic benefits of closing the gap in Indigenous employment outcomes. Reconciliation Australia
Economic benefits of closing the gap in Indigenous employment outcomes Reconciliation Australia January 2014 Contents Acronyms... i Glossary... ii Executive Summary... i 1 Introduction... 1 1.1 Methodology...
More informationSocial Housing in NSW
Social Housing in NSW Submission February 2015 AGED & COMMUNITY SERVICES NSW & ACT PO Box 3124 Rhodes NSW 2138 (02) 8754 0400 mail@acs.asn.au www.acs.asn.au ABN 13 737 853 254 ACN 124 322 916 ABOUT ACS
More informationNSW SENIOR EXECUTIVE SERVICE
NSW SENIOR EXECUTIVE SERVICE NSW DEPARTMENT OF EDUCATION AND TRAINING Position Description POSITION DETAILS Position Title: Reports to: Location: Directorate: Chief Financial Officer Deputy Director-General,
More informationProposed Transfer of the Life Insurance Business of BT Life Limited to Westpac Life Insurance Services Limited
KPMG Actuarial Pty Ltd ABN: 91 144 686 046 Australian Financial Services Licence No. 392050 Telephone: +61 2 9335 7000 10 Shelley Street Facsimile: +61 2 9335 7001 Sydney NSW 2000 DX: 1056 Sydney www.kpmg.com.au
More information2014 FEDERAL BUDGET SUMMARY
2014 FEDERAL BUDGET SUMMARY Corner Lime & Cuthbert Streets King Street Wharf Sydney NSW Phone: (02) 9249 7600 email@bellpartners.com www.bellpartners.com CEO Message The words promise and commitment have
More informationDeloitte Reverse Mortgage Survey December 2013
Deloitte Reverse Mortgage Survey December 2013 James Hickey Financial Services Partner +61 2 9322 5009 jahickey@deloitte.com.au Contents 1. Market Volumes & Mix 2. Housing Splits 3. Borrowers 4. Summary
More informationWe are therefore taking the opportunity to comment on this aspect of Australia s Future Tax System Retirement Income Consultation paper.
27 February 2009 Dr Ken Henry AFTS Secretariat The Treasury Langton Crescent PARKES ACT 2600 Dear Dr Henry Re: EQUITY RELEASE SUBMISSION FOR RETIREMENT INCOME SYSTEM REVIEW The National Information Centre
More informationWholesale and retail clients. Future of Financial Advice. March 2011 TO: Future of Financial Advice
March 2011 Wholesale and retail clients Future of Financial Advice TO: Future of Financial Advice Department of Treasury Langton Crescent Canberra ACT 2600 futureofadvice@treasury.gov.au SMSF Professionals
More informationRecords Authority. Department of Health Private Health Insurance
Records Authority 2012/00651438 Department of Health Private Health Insurance 2013 This is an accurate reproduction of the authorised records authority content, created for accessibility purposes CONTENTS
More informationPrivate Health Insurance Premium Change Process: A Review
Private Health Insurance Premium Change Process: A Review Dr David Charles, Director, Insight Economics July 2011 Special Note: The objective of the Australian Centre For Health Research Limited (ACHR)
More informationAUTOMOTIVE UPDATE. Trust distribution. Division 7A loan and unpaid present entitlement. Partner, Brisbane Tel: +61 7 3237 5744 mark.ward@bdo.com.
AUTOMOTIVE UPDATE AUTOMOTIVE tax planning 2013 With another financial year end fast approaching, BDO s automotive team provides some guidance on practical measures to minimise your dealership s tax position
More informationaugust09 tpp 09-05 Internal Audit and Risk Management Policy for the NSW Public Sector OFFICE OF FINANCIAL MANAGEMENT Policy & Guidelines Paper
august09 09-05 Internal Audit and Risk Management Policy for the NSW Public Sector OFFICE OF FINANCIAL MANAGEMENT Policy & Guidelines Paper Preface Corporate governance - which refers broadly to the processes
More informationPennley Pty Ltd (Choice) ( broker group ) ACN 071 979 498 Credit Representative Number: 392528
Credit Guide ABOUT US ( we, us, our ): Credit Representative Credit Representative Number 399562 Contact details: Simon Pak Poy Address: Level 23 Westfield Tower 1, 520 Oxford St, Bondi Junction NSW 2022
More informationPRIVATE HEALTH INSURANCE
PRIVATE HEALTH INSURANCE Presentation by Paul Collins to 26 March 2009 Disclaimer: The view expressed in this presentation are the views of the author and may not reflect the views of PHIAC Outline of
More informationGuidance on what constitutes a remittance network provider (RNP) Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act)
Australian Government Australian Transaction Reports and Analysis Centre Guidance note 12/03 Guidance on what constitutes a remittance network provider (RNP) Anti-Money Laundering and Counter-Terrorism
More informationQantas welcomes the opportunity to comment on the Financial System Inquiry Final Report (the Report) released on Sunday, 7 December 2014.
2 April 2015 Mr David Crawford Senior Adviser, Financial System and Services Division The Treasury Langton Crescent Parkes ACT 2600 Dear Mr Crawford, Financial System Inquiry Final Report Qantas welcomes
More informationFINANCIAL SERVICES GUIDE
STA Global Investments Pty Ltd (ACN 158 641 064) Trading as Markets.com Australia Level 29, 66 Goulburn Street Sydney NSW 2000 Australia FINANCIAL SERVICES GUIDE AUSTRALIAN FINANCIAL SERVICES LICENCE NO:
More informationAustralia s Future Tax System Preliminary Submission from the Institute of Actuaries of Australia
21 October 2008 AFTS Secretariat The Treasury Langton Crescent PARKES ACT 2600 Email: AFTS@treasury.gov.au Dear Sir/Madam Purpose Australia s Future Tax System Preliminary Submission from the Institute
More informationReforming the NSW Workers Compensation System. Rob Thomson General Manager, Workers Compensation WorkCover NSW
Reforming the NSW Workers Compensation System Rob Thomson General Manager, Workers Compensation WorkCover NSW Outline NSW System overview NSW Scheme performance Reforming the NSW System Recent initiatives
More informationThe business now helps customers Australia wide. We assist customers with Residential, Business, Commercial and Chattel Mortgages, and also Leasing.
Priority Home Loans was established in 2001 by Bryan and Lorraine Coleman. Priority Home Loans has helped many people into new and established homes over that time. Our aim is to provide you with a professional
More informationTaxation treatment of Exchangetraded Australian Government Bonds
Taxation treatment of Exchangetraded Australian Government Bonds 27 March 2013 This document is provided as general information only and does not consider anyone s specific objectives, situation or needs.
More informationThe Australian Mortgage Report 2015 Let the good times roll. Presentation to the Actuaries Institute James Hickey Partner, Deloitte
The Australian Mortgage Report 2015 Let the good times roll Presentation to the Actuaries Institute James Hickey Partner, Deloitte 2014-15 Records The Good ones Total outstanding residential housing finance
More informationKVB Kunlun Financial Services Guide
Issued By: KVB Kunlun Pty Limited Last Update: 15 January 2015 KVB Kunlun Financial Services Guide www.kvbkunlun.com 1 FINANCIAL SERVICES GUIDE T F G F G important information and is designed to assist
More informationSUBMISSION TO SENATE COMMUNITY AFFAIRS COMMITTEE INQUIRY INTO THE PRIVATE HEALTH INSURANCE LEGISLATION AMENDMENT (BASE PREMIUM) BILL 2013
SUBMISSION TO SENATE COMMUNITY AFFAIRS COMMITTEE INQUIRY INTO THE PRIVATE HEALTH INSURANCE LEGISLATION AMENDMENT (BASE PREMIUM) BILL 2013 JUNE 2013 Author and contact details: Amanda Hagan Chief Executive
More informationUnderstanding Superannuation
Understanding Superannuation Client Fact Sheet July 2012 Superannuation is an investment vehicle designed to assist Australians save for retirement. The Federal Government encourages saving through superannuation
More informationFPA Level 4, 75 Castlereagh Street Sydney NSW 2000 www.fpa.asn.au Date: 09.07.2014
FPA Level 4, 75 Castlereagh Street Sydney NSW 2000 www.fpa.asn.au Date: 09.07.2014 9 July 2014 General Manager Tax System Division The Treasury Langton Crescent PARKES ACT 2600 Email: taxagentservices@treasury.gov.au
More informationAustralian Health Insurance Association
COMMERCIAL IN CONFIDENCE Australian Health Insurance Association Economic Impact Assessment of the Proposed Reforms to Private Health Insurance Final Report 28 April 2011 COMMERCIAL IN CONFIDENCE About
More informationCharity Audit Committee performance evaluation Self assessment checklist. October 2014
Charity Audit Committee performance evaluation Self assessment checklist October 2014 With increasing responsibilities and complexities, being a member of the Audit Committee has never been more challenging
More informationPostcode: Postcode: Australia Business Number (ABN):
New client form Name of your AJ Park contact: Account name: Trading name: Full name of contact person: Mobile: Street address: Postcode: Postal address (if different from street address): Postcode: Phone:
More informationTCS Financial Solutions Australia (Holdings) Pty Limited. ABN 61 003 653 549 Financial Statements for the year ended 31 March 2015
TCS Financial Solutions Australia (Holdings) Pty Limited ABN 61 003 653 549 Financial Statements for the year ended 31 March 2015 Contents Page Directors' report 3 Statement of profit or loss and other
More informationTAX DISCUSSION PAPER. Insurance Australia Group (IAG) welcomes the opportunity to make a submission in relation to the Re: Think Tax Discussion Paper.
29 May 2015 Tax White Paper Task Force The Treasury Langton Crescent PARKES ACT 2600 bettertax@treasury.gov.au TAX DISCUSSION PAPER Insurance Australia Group (IAG) welcomes the opportunity to make a submission
More informationDISCUSSION PAPER: GREY AREAS - AGE BARRIERS TO WORK IN COMMONWEALTH LAWS
Professor Rosalind Croucher President Australian Law Reform Commission GPO Box 3708 SYDNEY NSW 2000 30 November 2012 Via email: age_barriers_to_work@alrc.gov.au Dear Professor Croucher DISCUSSION PAPER:
More informationCommunity Rating More Trouble Than Its Worth?
Community Rating More Trouble Than Its Worth? Prepared by Jamie Reid, Ashish Ahluwalia and Sonia Tripolitano Presented to the Actuaries Institute Actuaries Summit 20-21 May 2013 Sydney This paper has been
More informationReview of Card Surcharging: A Consultation Document
Review of Card Surcharging: A Consultation Document june 2011 Contents 1. Introduction 1 2. Background 2 3. Concerns about Surcharging Practices 5 4. Policy Options and Discussion 7 5. Summary of Issues
More informationRequest for feedback and comments scoping study for a national not-for-profit regulator
25 February 2011 Manager Philanthropy and Exemptions Unit Personal and Retirement Income Division The Treasury Langton Crescent PARKES ACT 2600 By email: NFPReform@treasury.gov.au Dear Sir/Madam Request
More informationwww.taxinstitute.com.au
Level 2, 95 Pitt Street Sydney NSW 2000 Tel: 02 8223 0000 Fax: 02 8223 0077 Email: tia@taxinstitute.com.au ABN: 45 008 392 372 www.taxinstitute.com.au 24 June 2010 Manager Finance Taxation Unit Business
More informationSTATE BANK OF INDIA, SYDNEY BRANCH (Incorporated in India with limited liability to our company's members) ARBN 082 610 008 AFSL 238340
STATE BANK OF INDIA, SYDNEY BRANCH (Incorporated in India with limited liability to our company's members) ARBN 082 610 008 AFSL 238340 Suite 2 & 3, Level 12 234 George Street Sydney, NSW 2000 Tel: 02-9241-5643
More informationComparative Study of Frameworks to protect the Long Term Interests of Pension Funds Investing in Public-Private Partnerships
EMAIL contact@fosterinfrastructure.com WEB www.fosterinfrastructure.com Comparative Study of Frameworks to protect the Long Term Interests of Pension Funds Investing in Public-Private Partnerships Pty
More informationI ve been asked to talk about the Pharmaceutical Benefits Scheme in the context of Medicare and the broader health sector.
1 Sustaining the PBS for the future Dr Brendan Shaw, Chief Executive, Medicines Australia Speech to 2 nd Future of Medicare Conference 11 November 2010, Sydney Thank you for the opportunity to speak with
More informationShared Services in NSW Are we going fast enough?
Shared in NSW Are we going fast enough? 0 29 March 2012 hosted by About this presentation This presentation was developed for the Institute of Public Administration Australia (IPAA) Special Interest Group
More information