Commonwealth Numbered Acts

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PRIVATE HEALTH INSURANCE ACT 2007 (NO. 31, 2007) - SECT 172.15

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 a * director or * officer of the insurer because of an offence under this Act; or

                             (ii)  the payment of an amount that a director or officer of the insurer, or a person who has been such a director or officer, is liable to pay under Division 149, 152, 203 or 293; or

                     (b)  reimburse:

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

                             (ii)  a director or officer of the insurer, or a person who has been such a director or officer, in respect of a liability imposed on the director under Division 149, 152, 203 or 293.


 


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