(1) The Council may disqualify a person if it is satisfied that the person is not a fit and proper person to be or to act as a * director or * senior manager of a private health insurer.
Note: Disqualifications are reviewable under Part 6‑9.
(2) A disqualification takes effect on the day on which it is made.
(3) The Council may revoke a disqualification on application by the * disqualified person or on its own initiative. A revocation takes effect on the day on which it is made.
Note: Refusals to revoke disqualifications are reviewable under Part 6‑9.
(4) The Council must give the person written notice of a disqualification, revocation of a disqualification or a refusal to revoke a disqualification.
(5) As soon as practicable after a notice is given to a person under subsection (4), the Council must cause particulars of the disqualification, revocation or refusal to which the notice relates:
(a) if the person is, or is acting as, a * director or * senior manager of a private health insurer--to be given to the insurer; and
(b) to be published in the Gazette .