What Happens To Premium Monies?

Premium monies are paid into the Consolidated Revenue Fund (CRF), where they earn a notional rate of interest.

Interest is not paid back to Comcare, but is held as a 'credit' for that financial year.  In effect, as with private insurers, the money is held as a reserve in case there are later unforeseen claim cost blowouts.

Volume OnePart 4Page 1

Source URL: https://clik.dva.gov.au/military-compensation-reference-library/historical-information/comcare-operations-manual/volume-one-comcare/part-four-premiums/what-happens-premium-monies