Commonwealth Numbered Acts

PRIVATE HEALTH INSURANCE (PRUDENTIAL SUPERVISION) ACT 2015 (NO. 85, 2015) - SECT 117

                   A person commits an offence if:

                     (a)  the person acts as an officer, or appointed actuary, of a private health insurer; and

                     (b)  the person is a disqualified person; and

                     (c)  if the person is a disqualified person only because of an order under section 120--the person is disqualified from being or acting as that officer or actuary.

Penalty:  Imprisonment for 12 months or 60 penalty units, or both.

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