Commonwealth Numbered Acts

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PRIVATE HEALTH INSURANCE (PRUDENTIAL SUPERVISION) ACT 2015 (NO. 85, 2015) - SECT 123

Restrictions on payment of pecuniary penalties etc.

                   A private health insurer must not:

                     (a)  use its money, or permit the use of its money, for:

                              (i)  the payment of a pecuniary penalty imposed on an officer of the insurer because of an offence under this Act; or

                             (ii)  the payment of an amount that an officer of the insurer, or a person who has been such an officer, is liable to pay under this Act; or

                     (b)  reimburse:

                              (i)  an officer of the insurer in respect of a pecuniary penalty imposed on the officer because of an offence under this Act; or

                             (ii)  an officer of the insurer, or a person who has been such an officer, in respect of a liability imposed on the officer under this Act.


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