Private Health Insurance Act 2007
View history note
Hide history noteA 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 [*]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 .
officer of the insurer because of an offence under this Act; or
(b) reimburse:
(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 203 ; or
(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 203 .
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