Commonwealth Numbered Acts

PRIVATE HEALTH INSURANCE (PRUDENTIAL SUPERVISION) ACT 2015 (NO. 85, 2015) - SECT 112

             (1)  APRA may, by written notice to a person who is, or was, the appointed actuary of a private health insurer, require the person, within the period specified in the notice, to:

                     (a)  give APRA information relating to the private health insurer; or

                     (b)  produce to APRA documents relating to the private health insurer;

if APRA considers that the giving of the information, or the production of the documents, will assist APRA in performing APRA's functions under this Act, the Private Health Insurance Act 2007 or the Financial Sector (Collection of Data) Act 2001 .

             (2)  The period specified in a notice under subsection (1) must be reasonable, and must end at least 7 days after the day on which the notice is given.

             (3)  A person commits an offence if:

                     (a)  the person is given a notice under subsection (1); and

                     (b)  the person fails to comply with the notice.

Penalty:  30 penalty units.

Note:          If a body corporate is convicted of an offence against this subsection, subsection 4B(3) of the Crimes Act 1914 allows a court to impose a fine of up to 5 times the penalty stated above.

             (4)  However, a person is only required to comply with a notice under subsection (1) to the extent that the person is capable of doing so.

Note:          A defendant bears an evidential burden in relation to the matter in this subsection (see subsection 13.3(3) of the Criminal Code ).

Self-incrimination

             (5)  A person is not excused from giving information or producing a document pursuant to a notice under subsection (1) on the ground that the information or production of the document might tend to incriminate the person or expose the person to a penalty.

             (6)  However, in the case of an individual:

                     (a)  the information given or document produced; and

                     (b)  giving the information or producing the document;

are not admissible in evidence against the individual in any criminal or civil proceedings, except proceedings under, or arising out of, section 137.1 or 137.2 of the Criminal Code in relation to giving the information or producing the document.

Note 1:       This subsection does not apply in relation to proceedings for a penalty by way of a disqualification under section 120 (see subsection 122(4)).

Note 2:       Sections 137.1 and 137.2 of the Criminal Code create offences for providing false or misleading information or documents.