Schedule 1, Part 5
The plan renews on its end date, without a reassessment
From 1 February 2027 an old framework plan renews itself on its end date as a new plan, on the same terms except that one off funding falls away and the new end date is 12 months later. No reassessment and no new statement of supports are required.
What does the provision require?
New section 50A renews an old framework plan automatically, immediately after the end date stated in the plan. The new plan carries the same words as the old one apart from three changes: the end date becomes the 12 month anniversary of the old end date, one off funding for a support is removed, and any alteration determined by instrument applies. A new statement of participant supports is not prepared, and the making of the new plan is not a reviewable decision.
Plans in effect immediately before commencement are covered. Transitional item 58 converts a reassessment date falling on or before 1 October 2027 into an end date, so those plans renew rather than being reassessed. A later reassessment date is replaced by a date worked out under an instrument. Item 59 adds machinery for plans approved before 9 October 2024 that do not contain the funding component detail the current Act expects. A suspended plan still renews, and the suspension continues.
Why does it matter to an insurer or a provider?
This is the key date, and the reason is revenue certainty. A provider that assumed a reassessment conversation at the end of a plan now faces a renewal with no negotiation, no new statement of supports and one off funding removed. For an insurer, the renewal changes the term of the funding arrangement under the policy, and any cover that is priced on an annual plan cycle should be checked against the new 12 month anniversary rule. The transitional conversion of reassessment dates means the change can arrive earlier than the date printed on an existing plan.
What did the amendment change?
There was no automatic renewal. A plan ended and a reassessment under section 49 produced the next plan. The Act replaces that with a renewal by force of law, removes the reassessment step for these plans, defines an end date for an old framework plan, and redefines reassessment date so that it only applies to new framework plans.
Suggested evidence
These are the publisher's control suggestions, not statutory requirements. The provision's own requirement is above; an auditor or regulator decides what is sufficient.
- The old plan and the end date stated in it
- The transitional analysis for any plan whose reassessment date fell on or before 1 October 2027
- The renewed plan, with the one off funding removed and the new end date
- The section 38 copy provided to the participant, which may be later than 7 days for a renewed plan
- Any notice of the effect of a section 34A determination, which must accompany the copy of the plan
What should be done before the date?
- List every insured participant plan with a reassessment date and convert it to an end date
- Model the revenue loss from one off funding that will not renew
- Check policy periods against the 12 month anniversary rule
- Confirm the insured knows that a review of the old plan is still possible even after renewal
What the text does not say
The text does not say how the Agency will tell a provider that a plan has renewed. It does not preserve one off funding in any circumstance. It leaves the alterations for paragraph 50A(2)(c) to an instrument that has not been made.
Where this sits
section 50A, inserted by item 50 in Schedule 1, Part 5, Plan renewal (items 35 to 59). Read the official text at https://www.legislation.gov.au/C2026A00066/latest/text. The record was read on 21 October 2026.
Not legal advice; does not certify. This page is a reading of the provision in our own words, not a reproduction of it, and not advice on your own facts.