Private Health Insurance Act 2007

Ch 4 heading substituted by No 87 of 2015, s 3 and Sch 1 item 54, effective 1 July 2015. For transitional provisions, see note under s 3-15 . The heading formerly read:

CHAPTER 4 - PRIVATE HEALTH INSURERS

Pt 4-5 heading substituted by No 87 of 2015, s 3 and Sch 1 item 66, effective 1 July 2015. For transitional provisions, see note under s 3-15 . The heading formerly read:

PART 4-5 - OTHER OBLIGATIONS OF PRIVATE HEALTH INSURERS

Div 163 repealed by No 87 of 2015, s 3 and Sch 1 item 71, effective 1 July 2015. For transitional provisions, see note under s 3-15 .

S 163-10 repealed by No 87 of 2015, s 3 and Sch 1 item 71, effective 1 July 2015. For transitional provisions, see note under s 3-15 . S 163-10 formerly read:

SECTION 163-10 NOTICE OF BREACHES OF PRUDENTIAL STANDARDS ETC.  
163-10(1)
A private health insurer commits an offence if:
(a) it becomes aware of:

(i) a breach by it of a *prudential standard; or

(ii) any other matter or occurrence that materially affects its financial position; and

(b) it fails to notify the Council, as soon as practicable, in writing of the breach or of the other matter or occurrence.

Penalty: 200 penalty units.

163-10(2)
If an individual:
(a) commits an offence against subsection (1) because of Part 2.4 of the Criminal Code (extensions of criminal responsibility); or
(b) commits an offence under Part 2.4 of the Criminal Code in relation to an offence against subsection (1);

he or she is punishable, on conviction, by a fine not exceeding 40 penalty units.

163-10(3)
A notification given to the Council of a matter referred to in paragraph (1)(a) must not include *personal information relating to a person insured under a *complying health insurance product that is *referable to a *health benefits fund conducted by the insurer, unless the information relates to *prudential matters relating to the insurer.