Private Health Insurance Act 2007

CHAPTER 3 - COMPLYING HEALTH INSURANCE PRODUCTS  

PART 3-3 - REQUIREMENTS FOR COMPLYING HEALTH INSURANCE PRODUCTS  

Division 84 - Enforcement of this Part  

SECTION 84-5  

84-5   OFFENCE: DIRECTORS AND CHIEF EXECUTIVE OFFICERS LIABLE IF SYSTEMS NOT IN PLACE TO PREVENT BREACHES  
A person commits an offence if:

(a)    the person is a ^[*]

To find definitions of asterisked terms, see the Dictionary in Schedule 1 .

director or ^[*]

To find definitions of asterisked terms, see the Dictionary in Schedule 1 .

chief executive officer of a private health insurer; and

(b)    the insurer commits an offence under section 84-1 ; and

(c)    the person failed to exercise due diligence to ensure that adequate systems were in place to prevent the insurer from committing the offence.

Penalty: 1,000 penalty units or imprisonment for 5 years, or both.