Health Insurance Commission (Reform and Separation of Functions) Act 1997
3Simplified outline
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3 Simplified outline
The following is a simplified outline of this Part:
• This Part provides for the transfer of Medibank Private from the Health Insurance Commission to a new company (in this Part called the nominated company). Medibank Private was a part of the Commission as at the commencement of this Part.
• At the time of the transfer, the nominated company will be owned by the Commission.
• Some time after the transfer, the nominated company will be separated from the Commission. The separation will be achieved by transferring ownership of the nominated company to the Commonwealth.