•   This Act sets up:

  (a)   the Australian Commission on Safety and Quality in Health Care; and

  (b)   the Independent Health and Aged Care Pricing Authority; and

  (c)   the office of Administrator of the National Health Funding Pool; and

  (d)   the National Health Funding Body.

•   The Australian Commission on Safety and Quality in Health Care has functions relating to health care safety and quality matters.

•   The main functions of the Independent Health and Aged Care Pricing Authority in relation to public hospitals and health care pricing and costing are as follows:

  (a)   to determine the national efficient price for health care services provided by public hospitals where the services are funded on an activity basis;

  (b)   to determine the efficient cost for health care services provided by public hospitals where the services are block funded;

  (c)   to publish this, and other information, for the purpose of informing decision makers in relation to the funding of public hospitals;

  (d)   if requested by the Minister or the Secretary, to advise the Commonwealth in relation to certain health care pricing and costing matters.

•   The main functions of the Independent Health and Aged Care Pricing Authority in relation to aged care are as follows:

  (a)   to provide advice about certain aged care pricing and costing matters to each relevant Commonwealth Minister;

  (b)   to perform such functions as are conferred on the Independent Health and Aged Care Pricing Authority by the Aged Care Act.

•   The main function of the Administrator of the National Health Funding Pool is to administer the National Health Funding Pool.

•   The function of the National Health Funding Body is to assist the Administrator of the National Health Funding Pool.