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Thursday, 1 June 1972
Page: 2483

Senator Douglas McClelland (NEW SOUTH WALES) asked the Minister representing the Acting

Minister for Health, upon notice:

(1)   What is the amount of free reserve held by each medical and hospital health insurance organisation in each of the States at 30th June 1971.

(2)   In each case what is the amount equivalent to in terms of contribution income on a monthly basis.

Senator GREENWOOD (VictoriaAttorneyGeneral) The Acting Minister for Health has provided the following answer to the honourable senator's

(1)   The honourable senator will be aware that the First Annual Report on the Operations of Registered Medical Benefits and 'Hospital Benefits Organisations was tabled in Parliament on 18th May 1972. The Report tabulates the balance of each medical and hospital fund as at 30th June, 1971 and the contribution income of each fund for the 1970/71 financial year.

(2)   The honourable senator's attention is drawn to the fact that organisations follow different accounting practices, e.g. not all organisations make provisions for outstanding claims, etc.

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