Private Health Insurance Act 2007

Pt 6-5 repealed by No 87 of 2015, s 3 and Sch 1 item 126, effective 1 July 2015. For transitional provisions, see note under s 3-15 .

Div 296 repealed by No 87 of 2015, s 3 and Sch 1 item 126, effective 1 July 2015. For transitional provisions, see note under s 3-15 .

S 296-15 repealed by No 87 of 2015, s 3 and Sch 1 item 126, effective 1 July 2015. For transitional provisions, see note under s 3-15 . S 296-15 formerly read:

SECTION 296-15 ACTS OF MANAGERS VALID ETC.  
296-15(1)
The acts of the *manager of a *health benefits fund are valid despite any defects that may afterwards be discovered in his or her appointment.

296-15(2)
Despite any defect or irregularity affecting the validity of the appointment of *manager of a *health benefits fund:
(a) a conveyance, assignment, transfer, mortgage or charge of *assets of the fund; or
(b) a payment of money of the fund; or
(c) any other disposition of assets of the fund;

is valid in favour of any person taking such assets in good faith and for value and without actual knowledge of the defect or irregularity.

296-15(3)
Despite any defect or irregularity affecting the validity of the appointment of *manager of a *health benefits fund, a person making or permitting:
(a) a payment of money of the fund; or
(b) any other disposition of *assets of the fund;

is to be protected and indemnified in so doing despite any defect or irregularity affecting the validity of the appointment of the manager that is not then known to that person.